EX-99.1 2 a2137398zex-99_1.htm EXHIBIT 99.1
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Exhibit 99.1

UNITED STATES BANKRUPTCY COURT
SOUTHERN DISTRICT OF NEW YORK

Case No. 02-12834 and 02-41729 through 02-41957*
Chapter 11

ADELPHIA COMMUNICATIONS CORPORATION, et al.
(Name of Debtors)

Monthly Operating Report for
the period ended April 30, 2004**

Debtors' Address:
5619 DTC Parkway
Greenwood Village, CO 80111

Willkie Farr & Gallagher LLP
(Debtors' Attorneys)

Monthly Operating Loss: $(3,139)
($ in thousands)

Report Preparer:

The undersigned, having reviewed the attached report and being familiar with the Debtors' financial affairs, verifies under the penalty of perjury, that the information contained therein is complete, accurate and truthful to the best of my knowledge.**

Date: May 25, 2004

    /s/  SCOTT MACDONALD      
Scott Macdonald
Senior Vice President and Chief Accounting Officer

Indicate if this is an amended statement by checking here

AMENDED STATEMENT             


* Refer to Schedule VI for a listing of Debtors by Case Number

**All amounts herein are preliminary and subject to revision. The Debtors reserve all rights to revise this report.




ADELPHIA COMMUNICATIONS CORPORATION, et al.

(DEBTORS-IN-POSSESSION)

UNAUDITED CONSOLIDATED BALANCE SHEET

(Dollars in thousands, except per share amounts)

 
  April 30, 2004
 
ASSETS:        
Cash and cash equivalents   $ 251,144  
Restricted cash     84,615  
Subscriber receivables—net     203,606  
Prepaid expenses     60,248  
Investments     22,697  
Intercompany receivables     27,675,865  
Related party receivables     1,890,951  
Property, plant and equipment—net     7,017,938  
Intangible assets—net     15,387,530  
Other assets—net     416,405  
   
 
      Total assets   $ 53,010,999  
   
 
LIABILITIES AND STOCKHOLDERS' EQUITY:        
Accounts payable   $ 87,466  
Subscriber advance payments and deposits     110,441  
Accrued interest and other liabilities     465,293  
Intercompany payables     629,266  
Related party payables     162,471  
Parent and subsidiary debt     467,062  
Deferred income taxes     2,004,835  
   
 
      3,926,834  
   
 
Liabilities subject to compromise:        
  Parent and subsidiary debt     13,421,601  
  Parent and subsidiary debt under co-borrowing credit facilities attributable to Rigas family entities     2,846,156  
   
 
      16,267,757  
  Accounts payable     979,793  
  Accrued interest and other liabilities     517,714  
  Intercompany payables     27,012,249  
  Related party payables     1,358,965  
  Cumulative redeemable exchangeable preferred stock     148,794  
   
 
    Total liabilities subject to compromise     46,285,272  
   
 
    Total liabilities     50,212,106  
   
 
Minority interests     544,607  
   
 
Stockholders' equity:        
  Convertible preferred stock     397  
  Class A and Class B common stock, $.01 par value, 1,500,000,000 shared authorized, 254,842,461 shares issued and outstanding     2,548  
  Additional paid-in capital     9,460,346  
  Accumulated other comprehensive loss     (6,585 )
  Accumulated deficit     (4,206,863 )
  Treasury stock, at cost     (149,401 )
   
 
      5,100,442  
  Amounts due from Rigas family entities under co-borrowing credit facilities     (2,846,156 )
   
 
    Total stockholders' equity     2,254,286  
   
 
      Total liabilities and stockholders' equity   $ 53,010,999  
   
 

The accompanying notes are an integral part of these unaudited consolidated financial statements.

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ADELPHIA COMMUNICATIONS CORPORATION, et al.

(DEBTORS-IN-POSSESSION)

UNAUDITED CONSOLIDATED STATEMENTS OF OPERATIONS

(Dollars in thousands, except per share amounts)

 
  Month Ended
April 30, 2004

  Twenty-two
Months Ended
April 30, 2004

 
Revenue   $ 322,618   $ 6,465,636  

Cost and expenses:

 

 

 

 

 

 

 
  Direct operating and programming     200,835     4,172,689  
  Selling, general and administrative     31,640     413,249  
  Depreciation and amortization     80,378     1,646,389  
  Impairment of long-lived and other assets         72,134  
  Non-recurring professional fees     10,377     109,523  
   
 
 
    Operating income (loss) before reorganization expenses due to bankruptcy     (612 )   51,652  
  Reorganization expenses due to bankruptcy     2,527     160,659  
   
 
 
Operating loss     (3,139 )   (109,007 )
   
 
 
Other income (expense):              
  Interest expense     (32,153 )   (745,278 )
  Equity in losses of affiliates—net     (125 )   (107,836 )
  Minority interest in losses (earnings) of subsidiaries—net     (585 )   16,250  
  Other-than-temporary impairment of investments and other assets         (72,909 )
  Other     220     15,492  
   
 
 
      (32,643 )   (894,281 )
   
 
 
Net loss from continuing operations before income taxes     (35,782 )   (1,003,288 )
Income tax benefit         35  
   
 
 
Net loss from continuing operations     (35,782 )   (1,003,253 )
Discontinued operations     (1,035 )   (46,139 )
   
 
 
Net loss applicable to common stockholders   $ (36,817 ) $ (1,049,392 )
   
 
 
Net loss per weighted average share outstanding—basic and diluted   $ (0.15 ) $ (4.14 )
   
 
 
Weighted average shares outstanding (in thousands)—basic and diluted     253,748     253,748  
   
 
 

The accompanying notes are an integral part of these unaudited consolidated financial statements.

3



ADELPHIA COMMUNICATIONS CORPORATION, et al.

(DEBTORS-IN-POSSESSION)

UNAUDITED CONSOLIDATED STATEMENTS OF CASH FLOWS

(Dollars in thousands)

 
  Month Ended
April 30, 2004

  Twenty-two
Months Ended
April 30, 2004

 
Cash flows from operating activities:              
  Net loss   $ (36,817 ) $ (1,049,392 )
    Adjustments to reconcile net loss to net cash provided by (used in) operating activities:              
    Depreciation and amortization     80,378     1,646,389  
    Amortization of bank financing costs     2,134     38,728  
    Impairment of long-lived and other assets         72,134  
    Other-than-temporary impairment of investments and other assets         72,909  
    Minority interest in earnings (losses) of subsidiaries—net     585     (16,250 )
    Equity in losses of affiliates, net     125     107,836  
    Gain on sale of assets—net         (3,864 )
    Depreciation, amortization and other non-cash items from discontinued operations     289     46,366  
    Other non-cash items         3,856  
    Reorganization expenses due to bankruptcy     2,527     160,659  
    Non-recurring professional fees, net of amounts paid     10,402     38,736  
    Change in assets and liabilities:              
      Subscriber receivables—net     10,351     (2,792 )
      Prepaid expenses—net     11,208     (6,331 )
      Other assets—net     12,715     (48,404 )
      Accounts payable     (22,785 )   (15,455 )
      Subscriber advance payments and deposits     (12,657 )   32,609  
      Accrued interest and other liabilities     (48,086 )   258,625  
      Liabilities subject to compromise     (16,590 )   (17,848 )
      Intercompany receivables and payables—net     (625 )   (21,198 )
   
 
 
Net cash provided by (used in) operating activities before payment of reorganization expenses     (6,846 )   1,297,313  
Reorganization expenses paid during the period     (3,583 )   (127,568 )
   
 
 
Net cash provided by (used in) operating activities     (10,429 )   1,169,745  
   
 
 
Cash flows from investing activities:              
  Expenditures for property, plant and equipment     (67,994 )   (1,325,364 )
  Cash paid for acquisitions         (2,890 )
  Changes in restricted cash     (1,128 )   (83,233 )
  Investment distributions and contributions—net         (2,697 )
  Related party receivables and payables—net     380     30,722  
  Other         118  
   
 
 
Net cash used in investing activities     (68,742 )   (1,383,344 )
   
 
 
Cash flows from financing activities:              
  Proceeds from debt     66,000     423,000  
  Payments of debt     (2,372 )   (51,845 )
  Payment of debtor in possession bank financing costs         (48,797 )
   
 
 
Net cash provided by financing activities     63,628     322,358  
   
 
 
Change in cash and cash equivalents     (15,543 )   108,759  
Cash and cash equivalents, beginning of period     266,687     142,385  
   
 
 
Cash and cash equivalents, end of period   $ 251,144   $ 251,144  
   
 
 

The accompanying notes are an integral part of these unaudited consolidated financial statements.

4


ADELPHIA COMMUNICATIONS CORPORATION, et al.

(DEBTORS-IN-POSSESSION)

NOTES TO UNAUDITED CONSOLIDATED STATEMENTS

(Dollars in thousands)

1.     Organization, Business and Proceedings under Chapter 11

        Adelphia Communications Corporation and its subsidiaries ("Adelphia" or the "Company") owns, operates and manages cable television systems and other related businesses. Adelphia's operations primarily consist of providing analog and digital cable services, high-speed Internet access and other advanced services over Adelphia's broadband networks. These services are generally provided to residential customers. These services are offered in the respective franchise areas under the name Adelphia. Cable systems owned by Adelphia are located in 30 states and Puerto Rico, with large clusters in Los Angeles, Western Pennsylvania, Ohio, Western New York, New England, Florida, Virginia and Colorado Springs.

        Solely for the purposes of the accompanying unaudited consolidated financial statements, the accounts of Adelphia, including its majority-owned subsidiaries and subsidiaries that are at least 50% owned and controlled by Adelphia, are included with the exception of those subsidiaries/entities (the "Non-Filing Entities") who did not file voluntary petitions under Chapter 11 of Title 11 of the United States Code (the "Bankruptcy Code") and Century-ML Cable Venture ("CMLCV"), a joint venture of which Adelphia is the managing partner and whose bankruptcy filing is administered separately. The Non-Filing Entities as of April 30, 2004 include Palm Beach Group Cable, Inc., Palm Beach Group Cable Joint Venture, Century-ML Cable Corporation, Praxis Capital Ventures, L.P., St. Mary's Television, Inc., Adelphia Brasil, Ltda, STV Communications and Main Security Surveillance, Inc. As of and for the month ended April 30, 2004, the Non-Filing Entities were not significant to the consolidated results of operations, financial position, or cash flows of the filing entities. The accompanying unaudited consolidated financial statements do not include any entities owned and/or controlled by John J. Rigas or his family (the "Rigas Family" or "Rigas Entities").

Bankruptcy Proceedings

        On June 25, 2002, Adelphia and all of its wholly-owned subsidiaries (excluding Century Communications Corporation ("Century") which filed on June 10, 2002) (all filing entities, including Century, herein known as the "Debtors" or "Filing Entities"), except for the Non-Filing Entities and CMLCV which filed on September 30, 2002 (see Note 19), filed voluntary petitions to reorganize under Chapter 11 of the Bankruptcy Code in the United States Bankruptcy Court for the Southern District of New York (the "Bankruptcy Court"). The Debtors are operating their business as debtors-in-possession under Chapter 11. On July 11, 2002, the Office of the United States Trustee for the Southern District of New York (the "U.S. Trustee") appointed a statutory committee of unsecured creditors (the "Creditors' Committee"). In addition, on July 31, 2002, the U.S. Trustee appointed a statutory committee of equity holders (the "Equity Committee" and collectively with the Creditors' Committee, the "Committees"). The Committees have the right to, among other things, review and object to certain business transactions and may participate in the formulation of the Company's long-term business plan and plan of reorganization. The Company has received several extensions from the Bankruptcy Court of the period within which to file a plan of reorganization (the "Exclusive Period") and solicit acceptances thereof (the "Solicitation Period"), with the latest extension of the Exclusive Period and the Solicitation Period being through February 17, 2004 and April 20, 2004, respectively. On February 9, 2004, the Debtors filed a motion requesting an additional extension of the Exclusive and Solicitation Periods to April 17, 2004 and June 19, 2004, respectively. On February 5, 2004, the Equity Committee filed a motion to terminate the Debtors' Exclusive and Solicitation Periods. On

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February 17, 2004, the Rigas Family filed a motion to terminate the Debtors' Exclusive and Solicitation Periods. Other objections have been filed to the Debtors' extension motion by parties in interest in these cases, including by the agents for the pre-petition lenders and certain creditors. Bridge orders were entered by the Bankruptcy Court extending the Exclusive and Solicitation Periods until the hearing on the motions is held and a determination by the Bankruptcy Court is made. A hearing on all of these motions has been adjourned, due to the exploration of the sales process discussed below, to a date to be determined by the Bankruptcy Court. Until such hearing, the Exclusive Period and the Solicitation Period are continuing.

        On February 25, 2004, the Debtors filed their proposed joint plan of reorganization (the "Plan") and related draft disclosure statement with the Bankruptcy Court and announced that they had received commitments for $8.8 billion in exit financing. A hearing on the Debtors' motion seeking approval of the exit financing is now scheduled for June 14, 2004. The Debtors are not soliciting acceptances of the Plan at this time, and any such solicitation will be made only after the disclosure statement relating to the Plan has been approved by the Bankruptcy Court. In order to successfully emerge from bankruptcy, the Debtors must, among other things: (1) obtain an order of the Bankruptcy Court approving the disclosure statement as containing "adequate information", (2) solicit the approval of the Plan from the holders of claims against and equity interests in each class that are impaired and not deemed to have rejected the Plan, (3) obtain an order from the Bankruptcy Court confirming the Plan and (4) consummate the Plan. No date for a hearing on the disclosure statement has been scheduled at this time. In order to obtain a confirmation order, the Bankruptcy Court will have to find, among other things, that each class of impaired claims or equity interests has either accepted the Plan or the Plan meets the requirements of the Bankruptcy Code to "cram down" the non-accepting class. In addition, the Bankruptcy Court must find that the Plan meets certain other requirements specified in the Bankruptcy Code. Confirmation of the Plan would resolve, among other things, the Debtors' pre-petition obligations, determine the revised capital structure of the newly reorganized Debtors and provide for their corporate governance following emergence from bankruptcy. There can be no assurance that the Bankruptcy Court will find that the Plan satisfies all requirements necessary for confirmation by the Bankruptcy Court. There also can be no assurance that modifications to the Plan will not be required for confirmation or that such modifications would not necessitate the resolicitation of votes of holders of claims and equity interests. In addition, if the Plan is rejected by certain classes of claims or equity interests, the Bankruptcy Court may or may not confirm it. As the resolution of several matters are conditions to the consummation of the Plan, there can be no assurance as to whether or when the Plan will be confirmed by the Bankruptcy Court, or if confirmed whether or when the Plan will be consummated. While the Plan proposes, among other things, the reorganization of the Debtors and claims against them, it does not address the reorganization of CMLCV.

        On April 22, 2004, the Debtors announced that they will explore a possible sale of the Company as one alternative to a plan for an independent company upon emergence. The Debtors intend to determine whether a sales process will deliver greater value to the Debtors' constituencies than the value proposed by the Plan. While the Debtors will explore the possible sale, the Debtors also intend to continue to pursue a plan for an independent company upon emergence. The Debtors intend to compare the value created in the Debtors' proposed plan of reorganization to the value created in the sales process and pursue the course of action that is in the best interests of their constituents.

Bankruptcy Costs and Fees

        In connection with the effectiveness of a plan or plans of reorganization, the Company will incur certain costs and fees. Certain of these expenses will be due once the plan of reorganization is approved by the Bankruptcy Court and include cure costs, financing fees and success fees. The Company is currently aware of certain success fees that potentially could be paid to representatives of the Company and the Committees upon the Company's emergence from bankruptcy. Currently, these

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contingent fees are estimated to be between $27,000 to $31,500. As no plan or plans of reorganization have been confirmed by the Bankruptcy Court, no accrual for such amounts has been recorded in the accompanying unaudited consolidated financial statements. In addition, to the extent that amounts are drawn on the Company's proposed exit financing facilities in connection the consummation of a plan or plans of reorganization, the Company will be required to pay the lenders thereunder certain fees and expenses. As the proposed exit financing facilities have not yet been approved by the Bankruptcy Court, no accrual for such amounts has been recorded in the accompanying unaudited consolidated financial statements.

Basis of Presentation

        Until a plan or plans of reorganization is confirmed by the Bankruptcy Court, the unaudited consolidated financial statements of the Company have been prepared using guidance prescribed by the American Institute of Certified Public Accountants' ("AICPA") Statement of Position 90-7 "Financial Reporting by Entities in Reorganization Under the Bankruptcy Code" ("SOP 90-7") and generally accepted accounting principles in the United States of America ("GAAP"). These unaudited consolidated financial statements are not intended to present fairly the financial position of the Company as of April 30, 2004, or the results of its operations or its cash flows for the one and twenty-two month periods ended April 30, 2004 in conformity with GAAP because the accompanying unaudited consolidated financial statements exclude the financial position, results of operations and cash flows of the Non-Filing Entities and CMLCV. Furthermore, the accompanying unaudited consolidated financial statements do not include all of the information and footnote disclosures required by GAAP for complete financial statements.

        The accompanying unaudited consolidated financial statements of the Company have been prepared on a going concern basis, which assumes the realization of assets and the payment of liabilities in the ordinary course of business, and do not reflect any adjustments that might result if the Company is unable to continue as a going concern. As a result of the reorganization proceedings under Chapter 11 of the Bankruptcy Code, the Company may take, or may be required to take, actions which may cause assets to be realized, or liabilities to be liquidated, for amounts other than those reflected in the accompanying unaudited consolidated financial statements. SOP 90-7 requires that pre-petition liabilities that are subject to compromise be segregated in the unaudited consolidated balance sheet as liabilities subject to compromise and that revenue, expenses, realized gains and losses, and provisions for losses resulting directly from the reorganization due to the bankruptcy be reported separately as reorganization expenses in the unaudited consolidated statements of operations. See Note 5 to these unaudited consolidated financial statements for further discussion.

        As a result of the Company's recurring losses, the Chapter 11 filing and circumstances relating to these events (including the Company's debt structure), actions taken by Rigas management and current economic conditions, realization of assets and liquidation of liabilities are subject to significant uncertainty. In order to provide liquidity through June 2004, the Company entered into an Amended and Restated Credit and Guaranty Agreement dated as of August 26, 2002, as amended, with a group of lenders led by JP Morgan Securities Inc. and CitiGroup Global Markets Inc. as Co-Lead Arrangers (the "DIP Lenders"), for a Debtor-in-Possession Credit Facility (the "DIP Facility"). On April 21, 2004, the Debtors filed a motion with the Bankruptcy Court seeking an order authorizing and approving a form of Second Amended and Restated Credit and Guaranty Agreement (the "Extended DIP Facility") and a related commitment letter and fee letter, each dated April 16, 2004, and the payment of related fees and expenses. The Extended DIP Facility and the related commitment and fee letters were approved by the Bankruptcy Court on May 6, 2004 and, on May 10, 2004, the Company closed on the Extended DIP Facility. Certain terms of the DIP Facility and the Extended DIP Facility are more fully described in Note 2 below. The Company believes that cash flows from operations, along with the financing provided through the Extended DIP Facility, should allow the Company to continue as a

7



going concern; however, there can be no assurance of this. The Company's ability to continue as a going concern is also dependent upon its ability to maintain compliance with covenants under the Extended DIP Facility and the ability to generate sufficient cash flow from operations and financing sources to meet its obligations as they become due.

        In the event a Chapter 11 plan or plans of reorganization is confirmed by the Bankruptcy Court and becomes effective, continuation of the Company's business thereafter will be dependent on the Company's ability to achieve positive operating results and maintain satisfactory capital and liquidity. Until a plan or plans of reorganization is confirmed by the Bankruptcy Court and becomes effective, there can be no assurance that the Company will emerge from these bankruptcy proceedings. Furthermore, the effect on the Company's business from the terms and conditions of such a plan or plans of reorganization cannot be determined at this time and, therefore, also raises substantial doubt regarding the Company's ability to continue as a going concern.

        The accompanying unaudited consolidated financial statements have been derived from the books and records of the Company. However, certain financial information has not been subject to procedures that would typically be applied to financial information presented in accordance with GAAP. Upon the application of such procedures (e.g., tests for asset impairment), the Company believes that the financial information of the Debtors will change, and these changes will be material. The Company's intangible assets primarily consist of purchased franchises and goodwill that resulted from the allocation of the purchase price of previously acquired cable systems. In accordance with Statement of Financial Accounting Standards ("SFAS") No. 142, "Goodwill and Other Intangible Assets", the Company discontinued amortizing its purchased franchise and goodwill intangibles as of January 1, 2002. SFAS No. 142 requires annual testing for impairment of goodwill and indefinite-lived intangible assets (e.g., purchased franchise intangibles), or more frequently as warranted by events or changes in circumstances. At this time, the Company has not completed its impairment test of its purchased franchise and goodwill intangible assets. Any adjustment, as a result of an analysis performed in accordance with SFAS No. 142, may have a material impact on the Company's financial statements. Additionally, the Company has not completed its adoption of SFAS No. 144, "Accounting for the Impairment or Disposal of Long-Lived Assets", which addresses the financial accounting and reporting for the impairment of long-lived assets and long-lived assets to be disposed of. Once the Company has completed its adoption of SFAS No. 144, an adjustment to the financial statements may be required and this adjustment may be material to the financial statements. Furthermore, the Company disclosed in its Current Report on Form 8-K, dated June 10, 2002, that it believes that certain financial information reported by Rigas management was unreliable. As such, the books and records of the Company from which the accompanying unaudited consolidated financial statements of the Debtors are derived may not accurately reflect the financial condition, results of operations and cash flows of the Debtors.

        The Company is reviewing its books and records and other information on an on-going basis to determine whether the accompanying unaudited consolidated financial statements of the Debtors should be supplemented or otherwise amended. The Company reserves the right to file, at any time, such supplements or amendments to these accompanying unaudited consolidated financial statements. The accompanying unaudited consolidated financial statements should not be considered an admission regarding any of the Debtors' income, expenditures or general financial condition, but rather, a current compilation of the Debtors' books and records. The Company does not make, and specifically disclaims, any representation or warranty as to the completeness or accuracy of the information set forth herein.

        All significant intercompany accounts have been presented gross for purposes of these unaudited consolidated financial statements and accordingly, have not been eliminated in consolidation. GAAP would require that these intercompany balances be eliminated in consolidation. See Note 8 to these unaudited consolidated financial statements for further discussion.

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        As previously stated, certain footnote disclosures normally included in unaudited consolidated financial statements prepared in accordance with GAAP have been condensed or omitted. In the opinion of management, all disclosures considered necessary for an informative presentation have been included herein. As further discussed in Dismissal of Former Independent Public Accountants/New Management below, PricewaterhouseCoopers, LLP ("PwC"), the Company's independent auditors, has not completed its audit as of and for the years ended December 31, 2003, 2002 and 2001 or its re-audits as of and for the years ended December 31, 2000 and 1999.

Discontinued Operations

        As more fully described in Note 17, in April 2004, the Company transferred the economic risks and benefits of certain assets which provide competitive local exchange carrier ("CLEC") telecommunication services. The Company has determined that such CLEC assets should be presented as discontinued operations beginning in April 2004.

Reclassification

        Certain amounts for the twenty-two months ended April 30, 2004 have been reclassified to conform with the April 30, 2004 monthly presentation.

        In accordance with SFAS No. 150, "Accounting for Certain Financial Instruments with Characteristics of both Liabilities and Equity," the Company has reclassified "Cumulative redeemable exchangeable preferred stock" as a liability in the accompanying unaudited consolidated balance sheet.

Dismissal of Former Independent Public Accountants/New Management

        As disclosed in its Current Report on Form 8-K filed on June 14, 2002, as amended, the Company, on June 9, 2002, dismissed Deloitte & Touche LLP ("Deloitte"), its former independent public accountants.

        As a result of actions taken by management of the Company during the time that it was controlled by the Rigas Family ("Rigas Management"), the Company has not yet completed its financial statements as of and for the years ended December 31, 2003, 2002 and 2001 or received its independent auditor's report thereon. In addition, the Company has not filed with the Securities and Exchange Commission ("SEC") its Annual Reports on Form 10-K as of and for the years ended December 31, 2003, 2002 and 2001. Furthermore, the Company has not timely filed its Quarterly Reports on Form 10-Q for the quarters ended March 31, 2004, September 30, 2003, June 30, 2003, March 31, 2003, September 30, 2002, June 30, 2002 and March 31, 2002. As of the date Deloitte was dismissed as the Company's independent accountants, Deloitte had not completed its audit or issued its independent auditors' report with respect to the Company's financial statements as of and for the year ended December 31, 2001. In addition, Deloitte withdrew the audit reports it had issued with respect to the financial statements of the Company and its subsidiaries. The Company is performing a review of its historical books and records, accounting policies and practices and financial statements to determine whether its books and records and financial statements need to be adjusted in light of the actions taken by management of the Company during the time that the Rigas Family held director and officer positions at the Company. Adelphia's current management is actively engaged in preparing restated financial statements for 1999 and 2000 and preparing financial statements for 2001, 2002 and 2003. In addition, PwC is preparing the audits for the years ended December 31, 2003, 2002 and 2001 and re-audits for the years ended December 31, 2000 and 1999. See Note 3 to these unaudited consolidated financial statements for further information.

        On November 6, 2002, the Company filed a lawsuit against Deloitte charging them with, among other charges, professional negligence, breach of contract, fraud and wrongful conduct. The Company is seeking compensation for all injury from Deloitte's conduct, as well as punitive damages. Deloitte filed

9



preliminary objections to the complaint. On June 11, 2003, the Bankruptcy Court denied Deloitte's preliminary objections in their entirety. On September 15, 2003, Deloitte filed an answer and counterclaims with respect to the Company's complaint and also asserted claims against the Rigas Family. On January 9, 2004, the Company filed an answer to Deloitte's counterclaims and also served discovery requests on Deloitte, including (i) Adelphia's First Set of Document Requests and (ii) a Notice of Deposition of Deloitte's Corporate Designee. Deloitte moved to stay discovery in this action until completion of the U.S. Department of Justice's investigation of certain members of the Rigas Family and certain alleged co-conspirators, which Adelphia opposed. Discovery in the action has commenced.

        Effective March 18, 2003, the Company appointed William Schleyer to serve as its new Chief Executive Officer and Ronald Cooper to serve as its new President and Chief Operating Officer. The new Chief Executive Officer replaced the Interim Chief Executive Officer, who, along with other new members of management, took control of the Company in May 2002. The Company's employment of William Schleyer and Ronald Cooper was approved by the Bankruptcy Court by Orders dated March 4, 2003 and March 7, 2003, respectively. Mr. Schleyer's employment agreement provides that he will be permitted to use the Company's aircraft in accordance with the corporate aircraft policy approved by the Board of Directors, and prohibits personal use of the aircraft. In October 2003, the Board of Directors approved an aircraft policy that provides, among other things, that reimbursed commuting under a timeshare arrangement does not constitute personal use of the aircraft if significant advantages to the Company in terms of time, money, security or productivity may be realized.

2.     Debt and Other Obligations

        Due to the commencement of the Chapter 11 filings and the Company's failure to comply with certain financial covenants, the Company is in default on substantially all of its pre-petition debt obligations. Except as otherwise may be determined by the Bankruptcy Court, the stay protection afforded by the Chapter 11 filings prevents any action from being taken with regard to any of the defaults under the pre-petition debt obligations. All of the pre-petition obligations are classified as liabilities subject to compromise in the accompanying consolidated balance sheet as of April 30, 2004. See Note 4 to these unaudited consolidated financial statements for further information.

DIP Facility

        In connection with the Chapter 11 filings, the Company entered into the $1,500,000 DIP Facility. The DIP Facility was approved by the Bankruptcy Court on August 23, 2002. Prior to the extension of the DIP Facility, which is described below, the DIP Facility was scheduled to expire on the earlier of June 25, 2004 or upon the occurrence of certain other events, including the effective date of a reorganization plan of the loan parties that is confirmed pursuant to an order of the Bankruptcy Court. The proceeds from borrowings under the DIP Facility could be used for general corporate purposes and investments, as defined in the DIP Facility. The DIP Facility was secured with a first priority lien on all of Adelphia's unencumbered assets, a priming first priority lien on all its assets securing its pre-petition bank debt, and a junior lien on all other assets subject to valid pre-existing liens. The DIP Facility consisted of a $1,300,000 revolving credit facility (the "Tranche A Loan") and a $200,000 loan (the "Tranche B Loan"). Loans under the DIP Facility accrued interest at the Alternate Base Rate (greatest of the Prime Rate, the Base CD Rate plus 1% or the Federal Funds Effective Rate plus .5%) plus 2.5% or the Adjusted LIBOR Rate, as defined in the DIP Facility, plus 3.5%. On September 3, 2002, the Company closed on the DIP Facility and, as part of the closing, the proceeds from the Tranche B Loan in the amount of $200,000 were funded by the DIP Lenders and transferred into credit-linked investment accounts maintained at JPMorgan Chase Bank (the "Tranche B Loan Proceeds"). The Company paid interest on the Tranche B Loan Proceeds, net of interest income, as defined.

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        The terms of the DIP Facility contained certain restrictive covenants, which included limitations on the ability of the loan parties to (i) incur additional guarantees, liens and indebtedness, (ii) sell or otherwise dispose of certain assets and (iii) pay dividends or make other distributions, loans or payments to Adelphia or to other loan parties who did not belong to the same designated subsidiary borrowing group. The DIP Facility also required compliance with certain financial covenants with respect to operating results and capital expenditures. These financial covenants became effective for periods beginning May 1, 2003. From time to time, the Company and the DIP Lenders entered into certain amendments to the terms of the DIP Facility. In addition, from time to time, the Company received waivers of certain defaults, including covenant defaults, under the DIP Facility. Prior to the extension of the DIP Facility, the Company believes that it was in material compliance with all of the requirements of the DIP Facility.

        On July 10, 2003 and January 28, 2004, certain loan parties made mandatory prepayments of principal on the DIP Facility in connection with the consummation of certain asset sales. As a result, the total commitment for the entire DIP Facility was reduced to $1,497,751, with the total commitment of the Tranche A Loan being reduced to $1,298,866 and the total commitment of the Tranche B Loan being reduced to $198,885. As of April 30, 2004, $221,866 under the Tranche A Loan has been drawn and letters of credit totaling $70,375 have been issued under the Tranche A Loan, leaving availability of $1,006,625 under the Tranche A Loan. Furthermore, as of April 30, 2004, $198,885 under the Tranche B Loan has been drawn and letters of credit totaling $44,190 have been issued secured by the Tranche B Loan Proceeds. A portion of the restricted cash in the accompanying consolidated balance sheet reflects the Tranche B Loan Proceeds securing letters of credit issued under the Tranche B Loan.

        On May 10, 2004, the Debtors entered into the $1,000,000 Extended DIP Facility, which supercedes and replaces the DIP Facility. The Extended DIP Facility was approved by the Bankruptcy Court on May 6, 2004 and closed on May 10, 2004. Except as set forth below, the material terms and conditions of the Extended DIP Facility are substantially identical to the material terms and conditions of the DIP Facility described above, including with respect to the covenants and collateral securing the Extended DIP Facility.

        The Extended DIP Facility matures upon the earlier of March 31, 2005 or the occurrence of certain other events, including the effective date of a plan of reorganization of the loan parties that is confirmed pursuant to an order of the Bankruptcy Court. The Extended DIP Facility is comprised of an $800,000 Tranche A Loan and a $200,000 Tranche B Loan. The applicable margin on loans extended under the Extended DIP Facility was reduced (when compared to the DIP Facility) to 1.50% per annum in the case of Alternate Base Rate loans and 2.50% per annum in the case of Adjusted LIBOR Rate loans. In addition, under the Extended DIP Facility, the commitment fee with respect to the unused portion of the Tranche A Loan was reduced (when compared to the DIP Facility) to 0.50% to 0.75% depending upon the amount of the unused portion of the Tranche A Loan. The Extended DIP Facility also provides for, among other things, (a) a decrease in the commitment and primary letter of credit fee rates, (b) a change to certain letter of credit provisions to enable certain letters of credit to remain outstanding following the maturity date of the Extended DIP Facility and (c) a change to certain borrowing limits of the designated subsidiary borrowing groups and an extension of the financial covenant levels of each designated subsidiary borrowing group through the maturity date of the Extended DIP Facility. The foregoing summary of certain terms of the Extended DIP Facility is qualified in its entirety by reference to the Extended DIP Facility, a copy of which was filed by the Company on a Current Report on a Form 8-K on May 12, 2004.

Co-Borrowing Credit Facilities

        As disclosed in the Company's Current Report on Form 8-K filed on May 24, 2002, various subsidiaries of the Company have entered into co-borrowing credit facilities with certain entities owned by the Rigas Family. Historically, the Company's financial statements reported borrowings attributable

11



only to the Company under such co-borrowing credit facilities and provided footnote disclosure as to the total amount of borrowings permitted under such facilities without disclosing the amount of borrowings attributable to entities owned by the Rigas Family. Therefore, the entire co-borrowing credit facilities were not reflected as indebtedness on the Company's historical financial statements.

        As discussed in Note 1, at this time, PwC has not completed its audits of the Company's financial statements as of and for the years ended December 31, 2003, 2002 and 2001 and the Company is engaged in preparing restated financial statements as of and for the years ended December 31, 2000 and 1999. As disclosed in its Current Reports on Form 8-K filed on May 24 and June 10, 2002, after initial discussions with the SEC in early May 2002, the Company announced on May 24, 2002 that it had tentatively concluded that it would increase the Company's indebtedness by $2,846,156 to reflect the full amount of borrowings by entities owned by the Rigas Family for which subsidiaries of the Company are jointly and severally liable. Accordingly, the accompanying unaudited consolidated financial statements reflect an increase of $2,846,156 of such indebtedness of parent and subsidiary debt in liabilities subject to compromise with a corresponding receivable from such Rigas Entities reflected as a reduction in stockholders' equity. Since consultations are continuing with the SEC and PwC, and PwC has not yet completed its audit of the Company's financial statements, the accounting treatment for the increase in parent and subsidiary debt and the reduction in stockholders' equity for the corresponding receivable reflected in the accompanying unaudited financial statements has yet to be finalized. The final accounting treatment may result in a materially different treatment from that presented herein.

        On July 6, 2003, the Creditors' Committee filed an adversary proceeding against the Debtors' Pre-Petition Agents and Pre-Petition Secured Lenders (collectively, the "Defendants") on behalf of the Debtors and their estates seeking, among other things, to: (i) recover as fraudulent transfers the principal and interest paid by the Debtors to the Defendants; (ii) avoid as fraudulent transfer obligations the Debtors' obligation, if any, to repay the Defendants; (iii) recover damages for breaches of fiduciary duties to the Debtors and for aiding and abetting fraud and breaches of fiduciary duties by the Rigas Family; (iv) equitably disallow, subordinate or re-characterize each of the Defendants' claims in the Debtors' bankruptcy proceedings; (v) avoid and recover certain preferential transfers made to certain of the Defendants; and (vi) recover damages for violations of the Bank Holding Company Act. On July 29, 2003, the Bankruptcy Court entered a Stipulation and Order Regarding (a) the Creditors' Committee's Motion for Leave to Prosecute Claims and Causes of Action Against the Defendants, (b) the Equity Committee's Motion to Intervene in the Adversary Proceeding and (c) the Pre-Petition Agents' Responses in Opposition to the Motion of the Creditors' Committee and the Equity Committee and Alternative Motions to Dismiss the Creditors' Committee's Complaint. On July 31, 2003, the Equity Committee filed a motion seeking authority to file additional claims against the Pre-Petition Lenders. By decision and order of the Bankruptcy Court, on August 5, 2003, the Bankruptcy Court determined that the Creditors' Committee had met the applicable legal standards to assert claims on behalf of the Debtors. On or about October 3, 2003, certain of the Defendants filed objections to the Creditors' Committee's motion seeking standing to pursue the adversary proceeding filed against the Defendants. On or about January 13, 2004, the Creditors' Committee filed its memorandum of law in opposition to objections to standing and motions to dismiss. In late March and early April 2004, each of the Debtors' Pre-Petition Agents filed adversary proceedings against the Debtors, seeking, among other things, a judicial determination of certain of their rights purusant to their respective credit agreements. The Debtors have not responded yet to any of these actions.

Parent and Subsidiary Debt

        The following information is an update of certain disclosures relating to the book value of the Company's debt, as reflected on its books and records, included in Note 4 to Adelphia's consolidated financial statements contained in the Annual Report on Form 10-K as of and for the year ended

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December 31, 2000. The book value of such indebtedness does not necessarily reflect the amount of the claim of the holders' of such indebtedness in the Company's bankruptcy proceeding.

Parent Debt:

  April 30, 2004
91/4% Senior Notes due 2002   $ 325,000
81/8% Senior Notes due 2003     149,817
101/2% Senior Notes due 2004     150,000
71/2% Senior Notes due 2004     100,000
101/4% Senior Notes due 2006     487,698
97/8% Senior Notes due 2007     348,417
83/8% Senior Notes due 2008     299,438
73/4% Senior Notes due 2009     300,000
77/8% Senior Notes due 2009     350,000
93/8% Senior Notes due 2009     497,048
107/8% Senior Notes due 2010     745,316
101/4% Senior Notes due 2011     1,000,000
6% Convertible Subordinated Notes due 2006     1,024,924
31/4% Convertible Subordinated Notes due 2021     978,253
97/8% Senior Debentures due 2005     129,286
91/2% Pay-In-Kind Notes due 2004     31,847
   
  Total parent debt   $ 6,917,044
   

Subsidiary Debt:


 

 

Notes to banks   $ 3,970,532
DIP Facility     420,750
105/8% Senior Notes of Olympus due 2006     202,243
11% Senior Subordinated Notes of FrontierVision Due 2006     207,953
117/8% Senior Discount Notes Series A of FrontierVision due 2007     244,639
117/8% Senior Discount Notes Series B of FrontierVision due 2007     89,953
Zero Coupon Senior Discount Notes of Arahova due 2003     412,601
91/2% Senior Notes of Arahova due 2005     250,590
87/8% Senior Notes of Arahova due 2007     245,371
83/4% Senior Notes of Arahova due 2007     219,168
83/8% Senior Notes of Arahova due 2007     96,046
83/8% Senior Notes of Arahova due 2017     94,924
Senior Discount Notes of Arahova due 2008     348,086
Other subsidiary debt and capital leases     168,763
   
  Total subsidiary debt   $ 6,971,619
   
  Total parent and subsidiary debt, exclusive of co-borrowing credit facilities     13,888,663
  Debt under co-borrowing credit facilities attributable to Rigas Entities     2,846,156
   
    $ 16,734,819
   

        In connection with the Company's ongoing review of its books and records and other information, an adjustment was made for liabilities subject to compromise regarding classification of leases. For purposes of this report only, leases which are being paid on a current basis, have not been treated as liabilities subject to compromise.

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        Total parent and subsidiary debt, exclusive of debt under co-borrowing credit facilities attributable to Rigas Entities, of $13,888,663 consists of liabilities subject to compromise of $13,421,601, bank financing under the DIP Facility of $420,750 and capital leases of $46,312.

Weighted average interest rate payable by subsidiaries under credit agreements with banks   4.81 %

        On December 29, 2003, certain holders of prepetition convertible subordinated debt issued by Adelphia Communications Corporation ("ACC") and the Bank of New York, as trustee with respect to such debt, filed a lawsuit (the "X-Clause Litigation") against ACC seeking, among other things, a declaratory judgment stating that under the provisions of the applicable indentures, such holders are entitled to receive and retain their pro rata portion of payment on their claims to the extent that distributions are made to ACC's senior note holders in the form of Common Stock under any plan proposed in the chapter 11 cases. By order dated April 13, 2004, the Bankruptcy Court dismissed the X-Clause Litigation, without prejudice, because the issue presented was not ripe for decision.

Interest Expense

        Interest expense totaled $32,153 and $745,278 for the one and twenty-two month periods ended April 30, 2004, respectively, of which $11,892 and $288,657 is attributable to the Rigas Entities under co-borrowing credit facilities. In accordance with SOP 90-7, interest expense is reported only to the extent that it will be paid during Chapter 11 proceedings or will be allowed on a secured or unsecured claim. Had the Company not filed voluntary petitions under Chapter 11 of the Bankruptcy Code, the amount of interest expense that would have been reported in the unaudited consolidated statement of operations, for the one and twenty-two month periods ended April 30, 2004 is $93,776 and $2,106,295, respectively.

Other

        By order dated August 7, 2003, the Bankruptcy Court ordered that the Rigas Family could cause the Rigas Entities to pay on their behalf certain defense costs, not to exceed $15,000 in the aggregate. The order does not require any Debtor to advance funds of any Debtor's estate for such defense costs. Adelphia and the Creditors' Committee both appealed the order. The United States District Court for the Southern District of New York temporarily stayed the order. On September 2, 2003, the Bankruptcy Court approved a stipulation and order (the "Rigas Stipulation") between the Debtors, the Rigas Family and certain other parties that allowed the Rigas Entities to advance up to $15,000 in defense costs to the Rigas Family, acknowledged that certain Rigas Entities were in default under certain co-borrowing facilities and delegated certain management rights to the Company with respect to the Rigas Entities. On February 18, 2004, the Bankruptcy Court approved the request of the Rigas Family for an additional $12,800 for criminal defense costs only (the "February 18 Rigas Order"). The Debtors and Creditors' Committee appealed the February 18 Rigas Order. The Debtors' motion for a stay of the Bankruptcy Court's order, pending appeal in the District Court, was denied by the District Court. A decision on the appeal has not been made. As of April 30, 2004, the Rigas Entities had advanced $18,771 to the Rigas Family for defense costs in accordance with the Rigas Stipulation and the February 18 Rigas Order.

3.     Correction in Accounting Policies and Practices / Provision for Accounting Changes

        Effective January 1, 2003, the Company, as part of its ongoing review of its historical books and records and its financial statements, corrected certain of its erroneous accounting policies and practices for Property, Plant and Equipment ("PP&E") relating to the capitalization of labor, labor-related costs, certain overhead costs, and certain materials (collectively, "Capitalized Costs") used in the maintenance of its cable systems. The erroneous capitalization of costs that were corrected included, among other

14



things, Capitalized Costs for service calls and normal, ongoing maintenance to cable systems. Some of the items that had been capitalized included system electrical power, converter repairs, equipment repairs and maintenance contracts. The Company believes that the corrections were necessary in order to be in compliance with GAAP. At the time the Company filed its current report on Form 8-K dated February 25, 2003, the Company was still evaluating Capitalized Costs related to installation activities and internal construction (collectively, "Capitalized Installation and Construction Activities"). In April 2003, the Company corrected its erroneous accounting policies and practices related to Capitalized Installation and Construction Activities and recorded an adjustment of approximately $15,000 in the April 2003 accounting month to correct for these errors for the months of January through March 2003. These errors included the incorrect capitalization of reconnect and disconnect activities, which are prohibited by GAAP, as well as the improper capitalization or overcapitalization of certain overhead costs. This adjustment had the effect of increasing expenses and reducing capital expenditures in April 2003.

        The Company has not restated previously filed Adelphia Monthly Operating Reports and has not completed its review and analysis of its new accounting policies and practices for PP&E relating to Capitalized Costs, including Capitalized Installation and Construction Activities, on the financial statements for the years ended December 31, 2003, 2002, 2001, 2000 and 1999. However, the Company has recorded total adjustments of $144,000 in 2002 for estimated corrections in accounting polices and practices, comprised of (i) a May 2002 adjustment expensing approximately $21,000 for certain costs erroneously capitalized under Rigas Management accounting policies and practices, (ii) a December 2002 adjustment expensing approximately $21,000 for certain costs erroneously capitalized under Rigas Management accounting policies and practices, and (iii) an estimated provision for accounting changes of $51,000 in June 2002 and $8,500 per month from July 2002 through December 2002.

        The Company estimates that the new accounting policies and practices relating to Capitalized Costs, including Capitalized Installation and Construction Activities, for PP&E will materially increase expenses and decrease capital expenditures as compared to the accounting policies and practices of the Company under Rigas Management. The impact of the new accounting policies and practices relating to Capitalized Costs, including Capitalized Installation and Construction Activities, for PP&E on the Company's results of operations will vary based upon levels of activities. Furthermore, the Company is currently unable to determine the impact on depreciation expense attributable to these corrections for any period since the adjustments to the historical costs of PP&E for 2003, 2002, 2001, 2000 and 1999 have not yet been finalized. The impact of these changes and any other further changes will likely be material.

        Additionally, management has not completed its overall review of the Company's historical books and records, accounting policies and practices and financial statements, and accordingly, the Company may record additional adjustments for corrections in erroneous accounting policies and practices in addition to those adjustments already recorded for PP&E, and such adjustments may be material.

        PwC has not completed its audit of the Company's books for any period and their audit could result in further adjustments to the Company's results of operations and those adjustments could be material.

4.     Liabilities Subject to Compromise

        As discussed in Note 1 to the accompanying unaudited consolidated financial statements, the Company has been operating as a debtor-in-possession under Chapter 11 of the Bankruptcy Code since June 25, 2002. The Company is authorized to operate its business in the ordinary course.

        Due to the commencement of the Chapter 11 cases and the Company's failure to comply with certain financial covenants, the Company is in default on substantially all of its pre-petition debt

15



obligations.As a result of the Chapter 11 filing, all actions to collect the payment of pre-petition indebtedness are subject to compromise or other treatment under a plan or plans of reorganization. Generally, actions to enforce or otherwise effect payment of pre-Chapter 11 liabilities are stayed. However, as part of the first day orders and subsequent motions granted by the Bankruptcy Court, the Bankruptcy Court approved Adelphia's motions to pay certain pre-petition obligations including, but not limited to, employee wages, salaries, commissions, incentive compensation and other related benefits. The Company has been paying and intends to continue to pay undisputed post-petition claims in the ordinary course of business. In addition, the Company may assume or reject pre-petition executory contracts and unexpired leases with the approval of the Bankruptcy Court. Unless otherwise agreed to by the parties, the cost of curing any pre-petition executory contract or unexpired lease is borne by the Debtors. Any damages resulting from the rejection of executory contracts and unexpired leases are treated as general unsecured claims and will be classified as liabilities subject to compromise. By order dated October 24, 2003 (the "Bar Date Order"), the Bankruptcy Court established a bar date for filing proofs of claim against the Debtors' estates of the later of January 9, 2004 at 5:00 P.M. (Eastern Time) or 30 days after the date upon which the Debtors amend their respective Schedules of Liabilities or the Bankruptcy Court enters a rejection order. A bar date is the date by which proofs of claims must be filed if a claimant disagrees with how such claimant's claim appears on the Debtor's Schedules of Liabilities. The Company provided notice to all known claimants of the bar date and their need to file a proof of claim with the Bankruptcy Court. The aggregate amount of claims filed with the Bankruptcy Court far exceeds the Debtors' estimate of ultimate liability. The Debtors believe that many of these claims are duplicative, based upon contingencies that have not occurred, or otherwise are overstated, and are therefore invalid. Differences between amounts recorded by the Debtors and claims filed by creditors are being investigated and resolved in connection with the Debtors' claims resolution process. That process has commenced and, in light of the number of claims asserted, will take significant time to complete. Accordingly, the ultimate number and allowed amounts of such claims are not presently determinable. On July 31, 2003, each Debtor filed with the Bankruptcy Court its Schedules of Liabilities and Statement of Financial Affairs. On or about October 8, 2003, each Debtor filed its First Amendment to its Schedules of Liabilities and Statement of Financial Affairs. On or about October 24, 2003, certain of the Debtors filed a Second Amendment to their respective Schedules of Liabilities. Between February 27 and March 1, 2004, each Debtor filed its Schedules of Assets and February 2004 Amendments to Schedules of Liabilities and Executory Contracts and February 2004 Amendments to the Statement of Financial Affairs. On April 23, 2004 one of the Debtors filed its April 2004 Amendments to its Schedules of Liabilities.

        As of April 30, 2004, the Company had liabilities subject to compromise of $46,285,272. Liabilities subject to compromise have been reported in accordance with SOP 90-7. Such amounts may be subject to future adjustments depending on Bankruptcy Court actions, further developments with respect to disputed claims, determinations of the secured status of certain claims, the values of any collateral securing such claims, or other events. Such adjustments may be material to the amounts reported as liabilities subject to compromise.

        Valuation methods used in Chapter 11 reorganization cases vary depending on the purpose for which they are prepared and used and are rarely based on GAAP, the basis of which the accompanying financial statements are prepared, unless otherwise noted. Accordingly, the values set forth in the accompanying unaudited consolidated financial statements are not likely to be indicative of the values presented to or used by the Bankruptcy Court.

5.     Non-Recurring Professional Fees and Reorganization Expenses Due to Bankruptcy

        The Company is incurring certain non-recurring professional fees that, although not directly related to the Chapter 11 filing, relate to the Company's reorganization and have been incurred in response to the actions taken by Rigas Management. These expenses include the re-audit, legal, special

16



investigation and forensic consultant fees of the Company and the Special Committee of the Board of Directors and have been included in non-recurring professional fees in the accompanying unaudited consolidated statements of operations. Based on the Company's interpretation of SOP 90-7, only those fees directly related to the Chapter 11 filing should be expensed and included in reorganization expenses due to bankruptcy in the unaudited consolidated statements of operations. These expenses include legal, restructuring and financial consultant fees for the Company and for Committee representatives.

6.     Accounts Payable, Accrued Expenses and Other Liabilities

        To the Company's knowledge, all undisputed post-petition trade payables are current and all premiums for insurance policies, including all workers' compensation and disability insurance policies, required to be paid are fully paid as of April 30, 2004.

        As stated in Note 1, the Company is reviewing its books and records and other information on an ongoing basis to determine whether the accompanying unaudited consolidated financial statements should be supplemented or otherwise amended. Management is currently performing a review to substantiate the completeness of all liabilities. Such review is ongoing and may result in additional adjustments to the accompanying unaudited consolidated financial statements.

7.     Preferred Stock

        In accordance with the accounting direction provided in SOP 90-7, the Company has discontinued accruing for its preferred stock dividends as of June 25, 2002, the filing date of the Chapter 11 cases. Had the Company not filed voluntary petitions under Chapter 11 of the Bankruptcy Code, preferred stock dividends would have been $5,750 and $126,500 for the respective one and twenty-two month periods ended April 30, 2004.

        On August 11, 2003, the Debtors initiated an adversary proceeding against the holders of various series of preferred stock of Adelphia (the "Preferred Stockholders"), seeking, among other things, to enjoin the Preferred Stockholders from exercising certain purported rights to elect directors to the Board of Directors due to Adelphia's failure to pay dividends and alleged breaches of debt-like covenants contained in the Certificates of Designations relating to the preferred stock. On August 13, 2003, certain of the Preferred Stockholders filed an action in the Delaware Chancery Court seeking a declaratory judgment of their purported right to appoint two directors to the Board of Directors (the "Delaware Action"). On August 13, 2003, the Bankruptcy Court granted the Debtors a temporary restraining order, which, among other things, stayed the Delaware Action and temporarily enjoined the Preferred Stockholders from exercising their purported rights to elect directors to the Board of Directors. Thereafter, the Delaware Action was withdrawn.

8.     Intercompany Receivables and Payables

        The accompanying unaudited consolidated financial statements include intercompany receivables and payables related to all of Adelphia's majority-owned subsidiaries and subsidiaries that are at least 50% owned and controlled by the Company. The intercompany receivables and payables are presented at the gross amount with the total receivables balance included in assets and the total intercompany payables balance included in liabilities in the accompanying unaudited consolidated balance sheet. Intercompany payables have been segregated between pre- and post- bankruptcy petition and none of the intercompany balances have been collateralized (other than certain post-bankruptcy petition intercompany receivables that are required to be collateralized under the terms of the Extended DIP Facility until such time as such intercompany receivables are paid). The intercompany balances do not net to zero as the Non-Filing Entities and CMLCV have not been included in the accompanying consolidated financial statements, as discussed in Note 1.

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9.     Related Party Receivables and Payables

        Related party receivables and payables represent advances to and payables from certain related parties, including TelCove and entities owned and/or controlled by the Rigas Family. Related party receivables and payables are presented at the gross amount with the total receivable balance included in assets and the payables included in the liabilities in the accompanying unaudited consolidated balance sheet. Related party payables have been segregated between pre- and post-bankruptcy petition, and none of the related party balances have been collateralized. Management is continuing to evaluate the proper classification and recoverability of related party receivables and may record reserves against such receivables in the future.

10.   Cash and Cash Equivalents and Restricted Cash

        The Company considers all highly liquid investments with a maturity date of three months or less to be cash equivalents.

        As of April 30, 2004, the Company has restricted cash of $44,190 relating to proceeds from the Tranche B Loan which are subject to issued letters of credit. In addition, as required by an agreement with the Company's insurance provider, the Company has restricted cash for the payment of franchise obligations in the amount of $29,113. Also included in restricted cash is $7,893 related to revenue received from customers which was placed in trust as a result of a dispute arising from the acquisition of certain cable systems from Verizon Media Ventures, Inc. The remainder of the restricted cash balance consists of cash collateral supporting obligations under certain of the Company's franchise agreements and surety bonding obligations.

11.   Subscriber Receivables

        Subscriber receivables consist of monthly amounts due from the Company's customers and are reported net of allowance for doubtful accounts of $11,320.

12.   Prepaid Expenses and Other Assets—Net

        Included in other assets—net are unamortized deferred financing fees of $154,979 relating to pre-petition debt obligations. Such amounts are not currently being amortized. See Note 4 to these unaudited consolidated financial statements for further discussion. SOP 90-7 requires that in cases where the underlying debt becomes an allowed claim and the allowed claim differs from the net carrying amount of the debt, the amount of the debt will be adjusted for any unamortized deferred loan fees to equal the value of the allowed claim. Any gain or loss from such adjustments to the underlying debt as compared to the allowed claim will be reflected in the statement of operations.

13.   Other-than-Temporary Impairment of Investments, Long-Lived Assets and Certain Other Assets

        As discussed in Note 1, the Company is reviewing its books and records and other information on an ongoing basis to determine whether the accompanying unaudited consolidated financial statements should be supplemented or otherwise amended. Additionally, as discussed in Note 1, PwC has not completed its audit as of and for the years ended December 31, 2003, 2002 and 2001 or its re-audit as of and for the years ended December 31, 2000 and 1999. The Company is performing an evaluation of impairment related to several investments and long-lived and certain other assets. This evaluation includes a review of the accounting treatment when the transaction originated and a review of the accounting subsequent to the date of origination, including periodic evaluations for impairment. These evaluations may result in adjustments to the unaudited consolidated financial results contained herein and financial statements as of and for the periods ended December 31, 2003, 2002, 2001, 2000 and 1999. The adjustments may be material to these periods.

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        Listed below are certain investments and other assets for which (with the exception of property, plant and equipment and intangible assets) the Company has recorded an asset impairment charge during the twenty-two month period ended April 30, 2004. All adjustments to be made to prior periods as a result of the Company's restatement of prior year financial statements have not been reflected in the unaudited consolidated financial statements contained herein pending the completion of the audit as of and for the years ended December 31, 2003, 2002 and 2001 and the re-audits as of and for the years ended December 31, 2000 and 1999.

        The tables below present the impairment of long-lived and other assets and other than temporary impairment of investments and other assets that have been recorded by the Company since July 1, 2002.

 
  Twenty-two
Months Ended
April 30, 2004

Impairment of Long-Lived and Other Assets:      
Internal Operations, Call Center and Billing System   $ 63,910
Competitive Local Exchange Carriers     8,224
   
    $ 72,134
   
Other-than-Temporary Impairment of Investments and Other Assets:      
Buffalo Sabres     68,612
Interactive Digital TV Investments     1,697
Praxis Capital Ventures, L.P.     2,600
   
    $ 72,909
   

Internal Operations, Call Center and Billing System

        From 1998 through mid-2002, the Company was developing an internal operations, call center and billing system known as "Convergence." After careful evaluation of the functionality and usability of Convergence, the Company decided not to pursue continued rollout and terminated additional funding for the system. In October 2002, the Company recognized an impairment charge related to the abandonment of the Convergence system in the amount of $63,910. Additional adjustments totaling $7,610 were recorded in October to reclassify payroll and other operating expenses improperly capitalized during 2002. The Company's remaining investment in this system of approximately $30,000 will be adjusted in connection with the restatement of its prior year financial statements.

Closure of the CLECs

        In August 2002, the Company filed a motion with the Bankruptcy Court for approval to close operations in 14 markets that were served by the Company's CLECs. The CLECs provided local telephone service to certain geographic markets and competed with local telephone exchange carriers. The Company's Board of Directors approved the closure, and approval was granted by the Bankruptcy Court by order dated September 25, 2002. The Company expects that, in connection with the restatement of its financial statements for prior periods, the property, plant and equipment associated with these CLECs will be written down by approximately $100,000. The remaining net book value of the property, plant and equipment of approximately $20,000 was depreciated over its estimated remaining useful life beginning in November 2002 through April 2003. Furthermore, in November 2002, the Company recognized an additional impairment of $6,873 on certain of its CLEC assets that are expected to be sold and recorded a reserve on its CLEC trade accounts receivables of $1,351.

19



Buffalo Sabres

        As disclosed in the Company's Current Report on Form 8-K filed on May 24, 2002, the Company had entered into various arrangements with Niagara Frontier Hockey, L.P. ("NFHLP"), a Delaware limited partnership owned by the Rigas Family. Among other assets, NFHLP owned the Buffalo Sabres, a National Hockey League team. The Company made approximately $165,000 of loans and advances, including accrued interest, to NFHLP and its subsidiaries. In November 2002, the Company recognized impairments of those loans and advances of $31,447. On January 13, 2003, NFHLP and certain of its subsidiaries (the "Niagara Debtors") filed voluntary petitions to reorganize under Chapter 11 of the Bankruptcy Code in the United States Bankruptcy Court for the Western District of New York (the "NFHLP Bankruptcy Court").

        On or about March 13, 2003, certain of the Niagara Debtors entered into an Asset Purchase Agreement with Hockey Western New York LLC for the sale of certain assets and assumption of certain liabilities of NFHLP. In March 2003, the Company recognized an additional impairment of $37,922 as a result of the then pending sale of certain assets, including the Buffalo Sabres, and assumption of certain liabilities of NFHLP. On April 23, 2003, the sale was completed. The Company did not recover any of its loans and advances in NFHLP from such sale. The March 2003 impairment charge, combined with the November 2002 charge, and with anticipated adjustments related to restatement of the Company's prior year financial statements, completely wrote off the Company's loans and advances in NFHLP and its subsidiaries. On or about August 14, 2003, the NFHLP Bankruptcy Court approved the Niagara Debtors' Disclosure Statement. On September 25, 2003, the NFHLP Bankruptcy Court approved the NFHLP joint plan of liquidation. The Niagara Debtors filed a complaint, dated November 4, 2003, against, among others, the Company and the Creditors' Committee seeking to enforce certain purported rights against the Company and the Creditors' Committee related to the waiver of the Company's claims. Certain of the Niagara Debtors' prepetition lenders have moved to intervene and filed cross-claims against the Company and the Creditors' Committee. A hearing on the complaint or the cross-complaint has not been scheduled.

Interactive Digital TV Investments

        The Company has investments in interactive digital TV product ventures. In December 2002, the Company recognized a loss of $1,697 for declines in investment value deemed other than temporary.

Praxis Capital Ventures, L.P.

        As disclosed in the Company's Current Report on Form 8-K filed on May 24, 2002 the Company entered into certain transactions with Praxis Capital Partners, LLC ("Praxis Capital"), a Delaware limited liability company and Praxis Capital Management, LLC, a Delaware limited liability company, through Praxis Capital Ventures, L.P. ("PCVLP"), a Delaware limited partnership in which ACC Operations, Inc. (a wholly-owned Company subsidiary) is a 99.5% Limited Partner. Formed in June 2001, PCVLP focused on private equity investments in the telecommunications market. At June 30, 2002, the net book value of the Company's portion of these investments was approximately $1,247. In addition, the Company had recorded $1,053 of prepaid management service fees to PCVLP. The Company has recorded reserves totaling $2,600 related to PCVLP. The Company is continuing to evaluate the PCVLP investments, which consist primarily of investments in private companies whose securities have no actively traded market. By order dated October 20, 2003, the Debtors rejected the partnership agreement with Praxis Capital.

        Peter L. Venetis, the son-in-law of John J. Rigas and a former director of the Company, is the managing director of Praxis Capital Management, LLC.

20



Devon Mobile Communications, L.P.

        Pursuant to the Agreement of Limited Partnership of Devon Mobile Communications, L.P. ("Devon Mobile"), dated as of November 3, 1995, the Company owned a 49.9% limited partnership interest in Devon Mobile, a Delaware limited partnership which, through its subsidiaries, held licenses to operate regional wireless telephone businesses in several states. Devon Mobile had certain business and contractual relationships with the Company and with former subsidiaries or divisions of the Company that were spun-off as TelCove in January 2002. In late May 2002, the Company notified Devon G.P., Inc., the General Partner of Devon Mobile, that it would likely terminate certain discretionary operational funding to Devon Mobile. In July 2002, the Company understood that its former subsidiary, TelCove, elected to terminate certain services significant to Devon Mobile's operations. Devon Mobile filed voluntary petitions to reorganize under Chapter 11 of the Bankruptcy Code with the Bankruptcy Court (the "Devon Bankruptcy Court") on August 19, 2002. In July 2002, the Company recorded an asset impairment reserve against the investment in and receivables from Devon Mobile of $1,221 and $53,646, respectively. In November 2002, the Company refined its evaluation of exposure to Devon Mobile and recorded additional impairments of $51,087, which related primarily to the Company's guarantee of certain obligations of Devon Mobile, other receivables from Devon Mobile, and an incremental investment in Devon Mobile that is expected to result from the Company's restatement of prior year financial information. All such impairments are included in equity in losses of affiliates—net in the accompanying unaudited consolidated statements of operations. As of November 2002, the Company has fully reserved for its investment and receivables in Devon Mobile. On January 17, 2003, the Company filed proofs of claim against Devon Mobile and its subsidiaries for approximately $130,100 in debt and equity claims, as well as an additional claim of approximately $34,000 relating to its guarantee of certain Devon Mobile obligations (collectively, the "Company Claims"). On June 23, 2003, Devon filed a disclosure statement for the joint plan of liquidation (the "Disclosure Statement"). On or about July 25, 2003, the Devon Bankruptcy Court approved the Disclosure Statement. By order dated October 1, 2003, the Devon Bankruptcy Court confirmed Devon's first amended joint plan of liquidation (the "Devon Plan"). Pursuant to the Devon Plan, the Company's limited partnership interest in Devon Mobile was extinguished. According to the Disclosure Statement, Devon Mobile and the Official Committee of Unsecured Creditors appointed in the Devon Mobile chapter 11 cases disagree with the Company Claims and intend to file an objection seeking an order eliminating such claims in their entirety. As of the date hereof, Devon Mobile has not objected to the Company Claims.

Property, Plant and Equipment, and Intangible Assets

        As stated previously, the Company's property, plant and equipment and intangible assets are currently being evaluated by management for asset impairment and other issues. These issues include the ownership of assets, prior capitalization policies, estimated useful lives, amounts allocated to specific assets in connection with acquisitions, and impairment. The complete results of these evaluations are unknown at this time but could result in material adjustments to the net book value of property, plant and equipment and intangible assets at December 31, 2003, 2002, 2001, 2000 and 1999, as well as results of operations for the periods then ended.

        As more fully discussed in Note 3, the Company has corrected many of its erroneous accounting policies and practices for PP&E with respect to the accounting for Capitalized Costs and Capitalized Installation and Construction Activities for the sixteen months ended April 30, 2004. The Company is continuing its review of the historical books and records and other information; accordingly, these issues should not be considered the only issues related to these assets that are under evaluation by the Company, and the Company reserves the right to amend, update or supplement this information.

21



14.   Net Loss Per Weighted Average Share of Common Stock

        Basic net loss per weighted average share of common stock is computed based on the weighted average number of common shares outstanding after giving effect to dividend requirements on the Company's preferred stock (see Note 7). Diluted net loss per common share is equal to basic net loss per common share because the Company's convertible preferred stock and outstanding stock options do not have a dilutive effect for the periods presented. In the future, however, the convertible preferred stock and outstanding stock options could have a dilutive effect on earnings per share.

15.   Supplemental Cash Flow Information

        Cash payments for interest were $30,637 and $703,700 for the one and twenty-two month periods ended April 30, 2004, respectively. Included in these amounts are cash payments made by the Company on behalf of the Rigas family entities of $12,717 and $299,089 for the one and twenty-two month periods ended April 30, 2004, respectively, for interest on the co-borrowing credit facilities. Such payments are included in the related party receivables and payables, net in the accompanying unaudited consolidated statements of cash flows.

16.   EBITDA

        The following is a summary of Earnings Before Interest, Taxes, Depreciation and Amortization ("EBITDA") from the accompanying unaudited consolidated statements of operations for the one and twenty-two month periods ended April 30, 2004. EBITDA is an alternative performance measure that is customarily used by companies that own, operate and manage cable television systems and other related telecommunications businesses. Management believes that EBITDA provides an alternative measure that is useful in evaluating the Company's liquidity. EBITDA is not a performance measure in accordance with GAAP and the use of EBITDA is not meant to replace or supercede any information presented in accordance with GAAP.

        Presented below is a reconciliation of EBITDA to net loss and net cash provided by operating activities as presented in the accompanying unaudited consolidated financial statements.

        Reconciliation of EBITDA to Net loss from continuing operations:

 
  Month Ended
April 30, 2004

  Twenty-two
Months Ended
April 30, 2004

 
EBITDA   $ 76,749   $ 1,388,379  
Adjustments to reconcile EBITDA to net loss from continuing operations:              
  Depreciation and amortization     (80,378 )   (1,646,389 )
  Interest expense     (32,153 )   (745,278 )
  Income tax benefit         35  
   
 
 
Net loss from continuing operations   $ (35,782 ) $ (1,003,253 )
   
 
 

22


        Reconciliation of EBITDA to Net Cash Provided by Operating Activities

 
  Month Ended
April 30, 2004

  Twenty-two
Months Ended
April 30, 2004

 
EBITDA   $ 76,749   $ 1,388,379  

Adjustments to reconcile EBITDA to net cash provided by (used in) operating activities:

 

 

 

 

 

 

 
Amortization of bank financing costs     2,134     38,728  
Impairment of long-lived and other assets         72,134  
Other-than-temporary impairment of investments and other assets         72,909  
Minority interest in earnings (losses) of subsidiaries—net     585     (16,250 )
Equity in losses of affiliates, net     125     107,836  
Gain on sale of assets—net         (3,864 )
Depreciation, amortization and other non-cash items from discontinued operations     289     46,366  
Other non-cash items         3,856  
Reorganization expenses due to bankruptcy     2,527     160,659  
Non-recurring professional fees, net of amounts paid     10,402     38,736  
Change in Assets and Liabilities:              
  Subscriber receivables—net     10,351     (2,792 )
  Prepaid expenses—net     11,208     (6,331 )
  Other assets—net     12,715     (48,404 )
  Accounts payable     (22,785 )   (15,455 )
  Subscriber advance payments and deposits     (12,657 )   32,609  
  Accrued interest and other liabilities     (48,086 )   258,625  
  Liabilities subject to compromise     (16,590 )   (17,848 )
  Intercompany receivables and payables—net     (625 )   (21,198 )
Reorganization expenses paid during the period     (3,583 )   (127,568 )
Interest expense     (32,153 )   (745,278 )
Income tax benefit         35  
Discontinued operations     (1,035 )   (46,139 )
   
 
 
Net cash provided by (used in) operating activities   $ (10,429 ) $ 1,169,745  
   
 
 

17.   TelCove Spin-off and Bankruptcy Proceedings

        Adelphia Business Solutions, Inc., which currently conducts business under the name TelCove ("TelCove"), was a consolidated subsidiary of Adelphia as of December 31, 2001. TelCove owns, operates and manages entities which provide CLEC telecommunications services. On January 11, 2002, the Company distributed in the form of a dividend, all of the shares of common stock of TelCove owned by Adelphia to holders of Adelphia's Class A and Class B common stock (the "Spin-off"). As a result of the Spin-off, the Rigas Family holds a majority of the total voting power of TelCove common stock. The distribution of TelCove common stock was recorded on the date of the Spin-off. Accordingly, the accompanying unaudited consolidated financial statements do not include the accounts of TelCove. On March 27, 2002, TelCove and certain of its direct subsidiaries filed voluntary petitions to reorganize under Chapter 11 of the Bankruptcy Code in the United States Bankruptcy Court for the Southern District of New York (the "Bankruptcy Court"). On December 19, 2003, the Bankruptcy Court entered an order confirming TelCove's Modified Third Amended Joint Plan of Reorganization Under Chapter 11 of the Bankruptcy Code, dated December 18, 2003.

23



        Prior to the TelCove Spin-off (and in some circumstances following the TelCove Spin-off), Adelphia and TelCove (i) shared certain collocation space, real property interests, fiber-optic cable assets, strands and network infrastructure and related equipment (collectively, the "Shared Assets"); (ii) engaged in joint undertakings, including the construction and overlash of fiber-optic cable networks and facilities, necessary for the construction and operation of a telecommunications network and cable network; and (iii) provided one another with certain services that are or were crucial to the operation of each other's businesses (the "Shared Services").

        In order to reduce the Company's dependence on TelCove for access to certain collocation space, real property interests, fiber-optic cable assets, strands and network infrastructure and related equipment shared by the Company and TelCove (the "Shared Assets") and certain services, provided by the Company and TelCove to one another that are or were crucial to the operation of each others' businesses (the "Shared Services"), as well as to gain operational independence from TelCove and validate and memorialize the ownership of the Shared Assets, on December 3, 2003, the Debtors and TelCove entered into a Master Reciprocal Settlement Agreement pursuant to which the parties, among other things, memorialized their agreement relating to their ownership and use of the Shared Assets. On March 23, 2004, the Bankruptcy Court approved the Master Reciprocal Settlement Agreement.

        In the TelCove plan of reorganization and the related disclosure statement, TelCove alleged that it had substantial claims against the Company totaling more than $1,000,000,000 (the "Alleged Claims"). On November 25, 2003, the Company filed a proof of claim for administrative expenses against TelCove in the approximate amount of $71,000,000 (collectively, "Adelphia's Administrative Claims").

        On February 21, 2004, the parties executed a global settlement agreement (the "Global Settlement") which resolves, among other things, the Alleged Claims, Adelphia's Administrative Claims, and TelCove's alleged counterclaims and defenses thereto. The Global Settlement provides that on the closing date, the Company will transfer to TelCove certain settlement consideration, including, $60,000,000 in cash, plus an additional payment of up to $2,500,000 related to certain outstanding payables, as well as certain vehicles, real property and intellectual property licenses used in the operation of TelCove's businesses. Additionally, the parties will execute various annexes to the Global Settlement which provide, among other things, for (i) a five-year business commitment to TelCove by the Company; (ii) future use by TelCove of certain fiber capacity in assets owned by the Company and (iii) the mutual release by the parties from any and all liabilities, claims and causes of action which either party has or may have against the other party. Finally, the Global Settlement provides for the transfer by the Company to TelCove of certain CLEC market assets together with the various licenses, franchises and permits related to the operation and ownership of such assets. On March 23, 2004, the Bankruptcy Court approved the Global Settlement.

        On April 7, 2004, the Company paid $57,941,000 to TelCove and transferred the economic risks and benefits of the CLEC market assets to TelCove pursuant to the terms of the Global Settlement. The transfer of the CLEC market assets will be formalized upon receipt of regulatory approvals. An additional $2,594,000 is payable to TelCove pursuant to the Global Settlement subject to the release of certain claims.

18.   Century-ML Cable Venture Bankruptcy Filing

        On September 30, 2002, CMLCV, a 50/50 joint venture between Century and ML Media Partners, L.P. ("ML Media") filed a voluntary petition to reorganize under Chapter 11 of the Bankruptcy Code in the Bankruptcy Court. This bankruptcy proceeding is administered separately from that of Adelphia. CMLCV is operating its business as a debtor-in-possession and is continuing to serve its subscribers in three communities in Puerto Rico. At this time, CMLCV is expected to generate sufficient cash to fund foreseeable operations and capital requirements. The CMLCV Chapter 11 filing is not expected to have

24



a material impact on the operations of CMLCV's subsidiary, Century-ML Cable Corporation, which serves communities in Puerto Rico.

        CMLCV, since October 2002, has been filing a separate monthly operating report with the Bankruptcy Court. As more fully disclosed in CMLCV's separate Monthly Operating Report, there is litigation pending in the Bankruptcy Court between ML Media and CMLCV, Century, the Company and Highland Holdings, L.P. ("Highland"), a Rigas Family partnership. In connection with the parties' December 13, 2001 Leveraged Recapitalization Agreement ("Recap Agreement"), there is a pre-petition dispute relating primarily to an alleged secured obligation in the amount of $279,800 to ML Media for its 50% ownership in CMLCV. If there is an adverse outcome against the Company relating to this litigation, the Company may be required to pay $279,800 to ML Media for its 50% ownership in CMLCV, as well as interest and other amounts that may result from the outcome of this litigation, or Century may be required to surrender its 50% ownership in CMLCV to ML Media. A hearing was held on September 24, 2002, and a decision was rendered on January 17, 2003, wherein the Bankruptcy Court; (i) denied all of the parties' motions for summary judgment on the issue of whether there has been an acceleration of the September 30, 2002 closing date under the Recap Agreement, except that the Bankruptcy Court (ii) found "as a matter of law, that, assuming that the Recap Agreement is enforceable, payment by the Company was due on September 30, 2002 and payment by Adelphia, Century and Highland was due on October 1, 2002, one day later, and that, having failed to make payment, each of the Company, Century and Highland is now in default." The Bankruptcy Court granted summary judgment only to such extent.

        In a decision and order dated March 31, 2003, the Bankruptcy Court denied ML Media's request to become manager of CMLCV's cable systems. In a decision and order dated April 21, 2003, the Bankruptcy Court denied ML Media's motion to dismiss the CMLCV bankruptcy petition, rejecting ML Media's claim that Century improperly filed the petition without ML Media's consent. On September 5, 2003, a hearing was held to determine whether ML Media's motions to dismiss and for summary judgment should be granted. Although the Bankruptcy Court has not yet issued a written decision on the motions, at a status conference held on April 15, 2004, the Court announced that it would be issuing a decision in which it would (a) dismiss all of the counterclaims of Adelphia and Century except for aiding and abetting of a breach of fiduciary duties, and (b) dismiss all of the Venture's counterclaims except for constructive fraudulent conveyance. On September 17, 2003, the Bankruptcy Court entered an order authorizing Adelphia's and Century's rejection of the Recap Agreement.

        On May 12, 2003, the Bankruptcy Court directed ML Media, Century, Adelphia and Highland to enter into mediation to resolve the dispute. Settlement discussions between Adelphia and ML Media are continuing.

        No accrual for the outcome of the above described litigation is included in the accompanying unaudited financial statements.

        By order dated December 2, 2003, the Bankruptcy Court established a bar date for filing proofs of claim against CMLCV's estate of January 15, 2004 at 5:00 P.M. (Eastern Time).

        On March 17, 2004, ML Media presented a non-binding written indication of interest (the "Vaughn Indication of Interest") for the acquisition of 100% of CMLCV by an investor group led by James C. Vaughn (the "Vaughn Group"). The Vaughn Indication of Interest contemplates a purchase price, subject to adjustment as a result of due diligence, of $625 million, plus the amount of CMLCV's working capital at closing, less the remaining cost of the pending rebuild of CMLCV's cable systems. Century was not involved in the negotiation of the Vaughn Indication of Interest and is not bound by it. On April 13, 2004, Century and the Vaughn Group entered into a confidentiality agreement with respect to the delivery of due diligence materials. At a status conference on April 15, 2004, the

25



Bankruptcy Court instructed Century to begin delivery of due diligence materials to the Vaughn Group and Century has been delivering such materials in accordance with its instructions.

19.   Customers

        The table below provides information on the number of basic customers, digital customers and high speed internet customers for the Debtors, the Non-Filing Entities, which includes customers in Brazil and Puerto Rico, and the Rigas Entities. As further described in its Current Report on Form 8-K filed May 25, 2003, the Company corrected the methodology for calculating customers previously used; therefore, the customer data set forth below may not be comparable to customer data reported prior to such correction.

 
  Filing Entities
  Non-Filing and
Rigas Entities

  Total
April 30, 2004:            
  Basic customers   4,978,652   424,613   5,403,265
  Digital customers   1,815,972   148,501   1,964,473
  High speed internet customers   1,111,634   73,218   1,184,852
   
 
 
  Total revenue generating units   7,906,258   646,332   8,552,590
   
 
 
March 31, 2004:            
  Basic customers   4,989,724   425,385   5,415,109
  Digital customers   1,806,541   148,409   1,954,950
  High speed internet customers   1,071,938   70,953   1,142,891
   
 
 
  Total revenue generating units   7,868,203   644,747   8,512,950
   
 
 

20.   Bankruptcy Court Reporting Schedules

        The Bankruptcy Court reporting schedules included in this report beginning on page 25 are for the period from April 1 through April 30, 2004 and have been prepared for the purpose of filing with the Bankruptcy Court and are not required by GAAP. The accompanying Bankruptcy Court reporting schedules, as with all other information contained herein, have been obtained from the books and records of the Company and are unaudited.

26




ADELPHIA COMMUNICATIONS CORPORATION, et al.

(DEBTORS-IN-POSSESSION)

BANKRUPTCY COURT REPORTING SCHEDULES

Summary

 
  For the
Month Ended
April 30, 2004

  Reference
Gross wages paid   $ 70,395,214   Schedule I
Employee payroll taxes withheld     15,972,537   Schedule I
Employer payroll taxes due     5,738,633   Schedule I
Payroll taxes paid*     19,832,181   Schedule II*
Sales and other taxes due     6,887,299   Schedule III
Gross taxable sales     85,883,102   Schedule III
Real estate and personal property taxes paid     1,924,461   Schedule IV
Sales and other taxes paid     6,699,955   Schedule V
Cash disbursements     416,050,235   Schedule VI
Insurance coverage     N/A   Schedule VII

*
The amount reported above for payroll taxes paid is based upon the date paid and not the date due.

27



ADELPHIA COMMUNICATIONS CORPORATION, et al.

(DEBTORS-IN-POSSESSION)

BANKRUPTCY COURT REPORTING SCHEDULES

Schedule I

Court Reporting schedules for Payroll and Payroll Taxes
for the Month Ended April 30, 2004

Week Ending Date

  Gross
Wages Paid

  Employee Payroll
Taxes Withheld

  Employer Payroll
Taxes Due

April 2, 2004     23,039,934     5,254,209     1,964,478
April 16, 2004     24,159,275     5,485,460     1,947,775
April 30, 2004     23,196,005     5,232,868     1,826,380
   
 
 
  Total   $ 70,395,214   $ 15,972,537   $ 5,738,633

28


ADELPHIA COMMUNICATIONS CORPORATION, et al.

(DEBTORS-IN-POSSESSION)

BANKRUPTCY COURT REPORTING SCHEDULES

Schedule II

Court Reporting schedules for Payroll Taxes Paid
for the Month Ended April 30, 2004

Payee

  Payroll Taxes
Paid

  Payment Date
NORTH CAROLINA DEPT OF REVENUE   12,101   04/01/04
OREGON DEPARTMENT OF REVENUE   170   04/01/04
INTERNAL REVENUE SERVICE   6,136,206   04/05/04
STATE OF ARIZONA   2,057   04/05/04
STATE OF CALIFORNIA   186,222   04/05/04
STATE OF COLORADO   65,935   04/05/04
STATE OF CONNECTICUT   10,017   04/05/04
STATE OF GEORGIA   11,430   04/05/04
STATE OF IDAHO   4,428   04/05/04
STATE OF INDIANA   1,020   04/05/04
STATE OF KANSAS   360   04/05/04
STATE OF KENTUCKY   21,153   04/05/04
STATE OF MASSACHUSETTS   29,279   04/05/04
STATE OF MARYLAND   12,048   04/05/04
STATE OF MAINE   26,709   04/05/04
STATE OF NEW YORK   104,452   04/05/04
STATE OF OHIO   70,718   04/05/04
STATE OF OKLAHOMA   396   04/05/04
STATE OF PENNSYLVANIA   105,688   04/05/04
STATE OF SOUTH CAROLINA   5,312   04/05/04
STATE OF VIRGINIA   67,742   04/05/04
STATE OF VERMONT   13,966   04/05/04
NORTH CAROLINA DEPT OF REVENUE   65   04/06/04
WASHINGTON DC—DIV OF FINANCE   57   04/06/04
FIRST UNION ADELPHIA   16,033   04/09/04
MASS DEPT OF REVENUE   108   04/09/04
STATE OF MARYLAND   29   04/09/04
ALTOONA AREA SCHOOL DISTRICT   578   04/13/04
ASHLAND FINANCIAL DEPARTMENT   1,089   04/13/04
BEDFORD COUNTY TAX SERVICE   766   04/13/04
BETHEL PARK BOROUGH   2,226   04/13/04
BLAIRSVILLE BORO   5,253   04/13/04
BOURBON COUNTY OCCUP   8   04/13/04
BOYLE COUNTY COURTHOUSE   258   04/13/04
BROOKLYN CITY INCOME TAX   224   04/13/04
BRYAN CITY INCOME TAX   1,813   04/13/04
CELINA CITY   553   04/13/04
CENTRAL TAX BURE(A)   59   04/13/04
CENTRAL TAX BUREAU OF P   129,400   04/13/04
CITY OF ACRON   699   04/13/04
         

29


CITY OF BEATTYVILLE   86   04/13/04
CITY OF BRUNSWICK   873   04/13/04
CITY OF CAMBRIDGE   1,225   04/13/04
CITY OF CARLISLE   33   04/13/04
CITY OF CINCINNATI   708   04/13/04
CITY OF CONNEAUT   700   04/13/04
CITY OF CYNTHIANA   246   04/13/04
CITY OF STRUTHERS   702   04/13/04
CLEARFIELD BORO   65   04/13/04
COLLECTOR OF TAXES   1,030   04/13/04
COLLEGE TOWNSHIP TREASURE   9,884   04/13/04
COLUMBUS CITY INCOME TAX   670   04/13/04
COSHOCTON CITY   947   04/13/04
DEFIANCE CITY INCOME TAX   2,938   04/13/04
DIRECTOR OF FINANCE   224   04/13/04
DIRECTOR OF FINANCE   838   04/13/04
HAB-EIT   356   04/13/04
HAB-EIT   10,958   04/13/04
HAB-EIT   3,245   04/13/04
MIFFCO TAX SERVICE INC   1,051   04/13/04
TREASURER BUTLER COUNTY   31   04/13/04
VILLAGE OF ABERDEEN   232   04/13/04
CITY OF BEDFORD TAX DEPT   36   04/13/04
BREATHITT TAX ADMIN   83   04/13/04
CATIZ VILLAGE INCOME TAX   81   04/13/04
VILLAGE OF CARROLLTON   83   04/13/04
TREASURE CLARK COUNTY COURHOUSE   60   04/13/04
CLAY CITY   61   04/13/04
CITY OF CUYAHOGA FALLS   73   04/13/04
CITY OF DOVER   9   04/13/04
VILLAGE OF FAYETTE   153   04/13/04
CITY OF HARRODSBURG   473   04/13/04
CITY OF IRONTON   583   04/13/04
CITY OF LEBANON   211   04/13/04
CITY OF NEW PHILADELPHIA   2,845   04/13/04
CITY OF PARIS   416   04/13/04
CITY OF PORT CLINTON   1,052   04/13/04
CITY OF PORTSMOUTH   1,539   04/13/04
CITY OF RICHMOND   17,687   04/13/04
CITY OF RUSSELL   771   04/13/04
CITY OF STANTON   79   04/13/04
CITY OF VAN WERT   397   04/13/04
CITY OF VANCEBURG   97   04/13/04
CITY OF VERSAILLES   459   04/13/04
CITY OF WASHINGTON COURTHOUSE   348   04/13/04
CITY OF WAVERLY   135   04/13/04
FRANKLIN COUNTY OCCUPATIONAL TAX COLLECTOR   37   04/13/04
GARRARD COUNTY FISCAL COURT   211   04/13/04
GETTYSBURG AREA SD   895   04/13/04
         

30


HAB-EIT   5,057   04/13/04
HAB-EIT   1,008   04/13/04
HAB-EIT   1,107   04/13/04
HAB-EIT   142   04/13/04
HAB-EIT   118   04/13/04
HARRISON COUNTYTAX ADMINISTRAT   6   04/13/04
HERMITAGE RECEIVER OF TAXES   4,329   04/13/04
JESSAMINE COUNTY   355   04/13/04
LAUREL COUNTY   284   04/13/04
LINCOLN CO OCCUPATIONAL LICENSE   43   04/13/04
LOCK HAVEN   1,059   04/13/04
LOGAN CITY INCOME TAX   618   04/13/04
LYKENS BOROUGH   530   04/13/04
MADISON COUNTY   431   04/13/04
MARION COUNTY TREASURER   172   04/13/04
MCLEAN COUNTY LICENSE FEE   77   04/13/04
MERCER COUNTY FISCAL COURT   452   04/13/04
MINERVA VILLAGE INCOME TAX   670   04/13/04
MONTGOMERY COUNTY   404   04/13/04
MOREHEAD DIRECTOR OF FIN   263   04/13/04
NICHOLASVILLE TREASURER   676   04/13/04
NORTHWESTERN SD   86   04/13/04
OCCUPATIONAL TAX ADMINISTRATION   90   04/13/04
OHIO COUNTY   35   04/13/04
POWELL COUNTY   97   04/13/04
PUNXSUTAWNEY BORO   2,795   04/13/04
RICHLAND TOWNSHIP   113   04/13/04
ROCHESTER BORO SD   52   04/13/04
ROWAN COUNTY FINANCE   396   04/13/04
SANDY TOWNSHIP   233   04/13/04
SOMERSET   790   04/13/04
SPRINGFIELD CITY (A)   66   04/13/04
STANFORD OCCUPATIONAL TAX   21   04/13/04
SUSAN ROBERTS   142   04/13/04
TYRONE AREA SCHOOL DISTRICT   118   04/13/04
VILLAGE OF MILLERSBURG   424   04/13/04
VILLAGE OF MINSTER   405   04/13/04
VILLAGE OF NORTH KINGSVILLE   154   04/13/04
WASHINGTON COUNT(A)   74   04/13/04
WAUSEON INCOME TAX DEPARTMENT   331   04/13/04
WOODFORD COUNTY   7   04/13/04
FLEMINGSBURG OCCUP LICENSE FEE   39   04/13/04
CITY OF GENEVA   220   04/13/04
VILLAGE OF GRANVILLE   226   04/13/04
HAB-EIT TAX ADMIN   933   04/13/04
CITY OF HEATH   319   04/13/04
VILLAGE OF HOPEDALE   9   04/13/04
VILLAGE OF JEFFERSON   21   04/13/04
CITY OF JEFFERSONSVILLE   41   04/13/04
         

31


VILLAGE OF JEFFERSONSVILLE   117   04/13/04
JEWETT VILLAGE INCOME TAX   9   04/13/04
VILLAGE OF LEWELLVILLE   126   04/13/04
VILLAGE OF MALVERN   10   04/13/04
VILLAGE OF MANTUA   132   04/13/04
CITY OF MIDWAY   100   04/13/04
CITY OF MILLESBURG   16   04/13/04
VILLAGE OF NEW BOSTON   183   04/13/04
NOCHOLAS COUNTY   9   04/13/04
VILLAGE OF OAK HARBOR   122   04/13/04
VILLAGE OF RICHFIELD   111   04/13/04
VILLAGE OF RIO GRANDE   23   04/13/04
VILLAGE OF SCIO TREASURER   26   04/13/04
VILLAGE OF SEBRING   208   04/13/04
CITY OF SOLON   408   04/13/04
CITY OF TWINSBURG   168   04/13/04
CITY OF WILMORE   106   04/13/04
WOLFE COUNTY   86   04/13/04
CITY OF ZANESVILLE   97   04/13/04
BUREAU OF EMPLOYER TAX OPERATIO   913,544   04/14/04
BUREAU OF EMPLOYMENT PROGRAMS   29,165   04/14/04
BUREAU OF EMPLOYMENT SERVICES   381,154   04/14/04
CASHIER-TEXAS WORKFORCE COMMISS   1,539   04/14/04
CLARION WAGE TAX OFFICE   1,010   04/14/04
DEPARTMENT OF ECONOMIC SECURITY   1,209   04/14/04
DEPARTMENT OF EMPLOYMENT   9,139   04/14/04
DEPARTMENT OF EMPLOYMENT SECURI   17,697   04/14/04
DEPARTMENT OF HUMAN RESOURCES   1,494   04/14/04
DEPARTMENT OF INDUSTRIAL RELATI   7,457   04/14/04
DEPARTMENT OF LABOR   51,360   04/14/04
DEPARTMENT OF LABOR   59,641   04/14/04
DEPARTMENT OF LABOR   126,309   04/14/04
DEPARTMENT OF LABOR & EMPLOYMEN   134,103   04/14/04
DEPARTMENT OF WORKFORCE DEVELOP   1,344   04/14/04
DIVISION OF UNEMPLOYMENT INSURA   40,933   04/14/04
EMPLOYMENT DEVELOPMENT DEPT   1,055,995   04/14/04
EMPLOYMENT RESOURCES DIVISION   164   04/14/04
EMPLOYMENT SECURITY COMMISSION   6,214   04/14/04
EMPLOYMENT SECURITY COMMISSION   7,646   04/14/04
EMPLOYMENT SECURITY COMMISSION   21,377   04/14/04
EMPLOYMENT SECURITY DEPARTMENT   9,211   04/14/04
DENISE SHUMAKE   10   04/14/04
HAB-EIT   692   04/14/04
HAB-EIT   663   04/14/04
INDIANA DEPARTMENT OF WORKFORCE   2,404   04/14/04
MASSACHUSETTS DIVISION OF   3,754   04/14/04
MONTANA DEPARTMENT OF LABOR   764   04/14/04
NEBRASKA WORKFORCE DEVELOPMENT   140   04/14/04
NEW HAMPSHIRE DEPARTMENT OF EMP   24,497   04/14/04
         

32


NYS UNEMPLOYMENT INSURANCE   663,526   04/14/04
OFFICE OF UNEMPLOYMENT INS   31,343   04/14/04
RECEIVER OF TAXES   5,850   04/14/04
STATE OF UTAH   44   04/14/04
VERMONT DEPARTMENT OF   40,000   04/14/04
VILLAGE OF WATERVILLE   2,156   04/14/04
VIRGINA EMPLOYMENT COMMISSION   86,719   04/14/04
BOROUGH OF ROCHESTER   52   04/14/04
MASSACHUSETTS DIVISION OF   160,166   04/15/04
INTERNAL REVENUE SERVICE   6,373,845   04/19/04
STATE OF ARIZONA   3,001   04/19/04
STATE OF CALIFORNIA   219,161   04/19/04
STATE OF COLORADO   61,653   04/19/04
STATE OF CONNECTICUT   9,840   04/19/04
STATE OF GEORGIA   11,426   04/19/04
STATE OF IDAHO   4,864   04/19/04
STATE OF INDIANA   969   04/19/04
STATE OF KANSAS   359   04/19/04
STATE OF KENTUCKY   23,240   04/19/04
STATE OF MASSACHUSETTS   27,417   04/19/04
STATE OF MARYLAND   14,515   04/19/04
STATE OF MAINE   28,317   04/19/04
STATE OF NEW YORK   121,471   04/19/04
STATE OF OHIO   77,191   04/19/04
STATE OF OKLAHOMA   469   04/19/04
STATE OF PENNSYLVANIA   104,671   04/19/04
STATE OF SOUTH CAROLINA   6,098   04/19/04
STATE OF VIRGINIA   63,284   04/19/04
STATE OF VERMONT   15,708   04/19/04
NORTH CAROLINA DEPT OF REVENUE   12,803   04/19/04
OREGON DEPARTMENT OF REVENUE   193   04/19/04
VILLAGE OF WEST UNITY   204   04/19/04
CHARLENE MARSHALL   688   04/22/04
STRONG CAPITAL MANAGEMENT   572,593   04/22/04
TREASURER CITY OF OWENSBORO   425   04/22/04
INTERNAL REVENUE SERVICE   784,996   04/30/04
STATE OF FLORIDA   251,657   04/30/04
  TOTAL   19,832,181    

33


ADELPHIA COMMUNICATIONS CORPORATION, et al.

(DEBTORS-IN-POSSESSION)

BANKRUPTCY COURT REPORTING SCHEDULES

Schedule III

Court Reporting schedules for Sales and Other Taxes Due and Gross Taxable Sales
for the Month Ended April 30, 2004

Taxing Jurisdiction

  Sales and
Other
Taxes Due

  Gross
Taxable Sales

ALABAMA DEPT. OF REVENUE   $ 269   $ 4,478
ARIZONA DEPARTMENT OF REVENUE     30     1,139
ARKANSAS DEPARTMENT OF REVENUE         1
ASHLAND INDEPENDENT BOARD OF EDUCATION     10,382     346,068
BANK OF AMERICA     415     59,262
BATH COUNTY SCHOOL DISTRICT     1,214     40,491
BEREA COUNTY SCHOOL DISTRICT     3,359     111,961
BOARD OF EQUALIZATION     221     A
BOARD OF EQUALIZATION     264     3,039
BOURBON COUNTY SCHOOL DISTRICT     717     23,910
BOYD COUNTY SCHOOL DISTRICT     2,793     93,094
BOYLE COUNTY SCHOOL DISTRICT     1,529     50,978
BREATHITT COUNTY SCHOOL DISTRICT     990     32,990
BRECKINRIDGE COUNTY BOARD OF EDUCATION     778     25,919
BUREAU OF TAXATION     150     3,004
BURGIN INDEPENDENT BOARD OF EDUCATION     329     10,980
BUTLER COUNTY SCHOOL DISTRICT     53     1,752
CARTER COUNTY SCHOOL DISTRICT     1,633     54,448
CCHCF-A     50     29,631
CHCF-B     652     29,631
CITY OF ALAHAMBRA     2     45
CITY OF ALBION     344     6,885
CITY OF ALBION     2     44
CITY OF ALGOURA HILLS     4     84
CITY OF ARCADIA     16     318
CITY OF ARTESIA         2
CITY OF ASOTIN         2
CITY OF BALDWIN PARK     5,107     170,219
CITY OF BALDWIN PARK     2     53
CITY OF BEAUMONT     3,135     104,516
CITY OF BEAUMONT     8     270
CITY OF BERKELEY         3
CITY OF BOTHELL     2     29
CITY OF BRAWLEY     7,632     190,801
CITY OF BRAWLEY     3     70
CITY OF BURBANK     2     31
CITY OF CALABASAS     4     73
CITY OF CHARLOTTESVILLE     56,993     569,929
CITY OF CHICO        
CITY OF CLAREMONT        
CITY OF CLOVERDALE     1     42
CITY OF COLFAX     1     16
CITY OF COLORADO SPRINGS     3,602     144,096
             

34


CITY OF COLTON     3     84
CITY OF COVINA     6     96
CITY OF CULVER CITY     2     22
CITY OF DESERT HOT SPRINGS     9     171
CITY OF EDMONDS     1     15
CITY OF EL MONTE     1     10
CITY OF ELK GROVE         10
CITY OF FONTANA     42,148     842,956
CITY OF FONTANA     10     191
CITY OF GARDENA         4
CITY OF GLENDALE     2     28
CITY OF HAWTHORNE     2     33
CITY OF HERMOSA     16     269
CITY OF HERMOSA BEACH     20,370     339,495
CITY OF HOLTVILLE     1,912     38,244
CITY OF HOLTVILLE     1     15
CITY OF HUNTINGTON BEACH     2     33
CITY OF INDIO         10
CITY OF INGLEWOOD     2     18
CITY OF IRVINE     16     1,045
CITY OF ISSAQUAH         6
CITY OF KALAMA     4     70
CITY OF KELSO     21     350
CITY OF KELSO     6,142     102,370
CITY OF KIRKLAND         1
CITY OF LA HABRA     26,223     437,050
CITY OF LA HABRA     29     483
CITY OF LA PALMA     1     18
CITY OF LA VERNE     16     408
CITY OF LAKEWOOD         8
CITY OF LEAVENWORTH         6
CITY OF LONG BEACH     4     68
CITY OF LONGVIEW     58     961
CITY OF LONGVIEW     21,198     353,294
CITY OF LOS ANGELES     895     8,944
CITY OF LYNWOOD     1     6
CITY OF MALIBU         8
CITY OF MAYWOOD         8
CITY OF MONTEREY PARK     2     38
CITY OF MORENO VALLEY     69,686     1,161,429
CITY OF MORENO VALLEY     49     821
CITY OF NORWALK     2     38
CITY OF OAKLAND     1     10
CITY OF OLYMPIA     1     25
CITY OF PALM SPRINGS     1     11
CITY OF PALOUSE     1     23
CITY OF PALOUSE     572     8,168
CITY OF PASADENA     4     47
CITY OF PETERSBURG     20,639     103,194
CITY OF PICO RIVERA     12,434     248,682
CITY OF PICO RIVERA     4     72
CITY OF PLACENTIA     16,001     457,175
CITY OF PLACENTIA     1     41
             

35


CITY OF POMONA     1     9
CITY OF PORT HUENEME     9,804     245,093
CITY OF PORT HUENEME     3     67
CITY OF PORTERVILLE         6
CITY OF PULLMAN     16     195
CITY OF REDONDO BEACH     43,878     923,754
CITY OF REDONDO BEACH     51     1,080
CITY OF RIALTO     46,850     585,626
CITY OF RIALTO     35     433
CITY OF RIVERSIDE     10     154
CITY OF SALINAS     1     12
CITY OF SAN BERNARDINO     74,456     930,697
CITY OF SAN BERNARDINO     30     375
CITY OF SAN BUENAVENTURA     34,046     680,920
CITY OF SAN FRANCISCO     2     26
CITY OF SAN JOSE        
CITY OF SAN LUIS OBISPO         1
CITY OF SANTA ANA     24     405
CITY OF SANTA BARBARA     2     29
CITY OF SANTA MONICA     154,614     1,546,141
CITY OF SANTA MONICA     159     1,588
CITY OF SANTA ROSA         3
CITY OF SEAL BEACH     19     169
CITY OF SEATTLE         3
CITY OF SIERRA MADRE     2     26
CITY OF SOUTH PASADENA     1     20
CITY OF SPOKANE     1     12
CITY OF STANTON         4
CITY OF TACOMA         2
CITY OF TORRANCE     3     49
CITY OF VALLEJO     1     10
CITY OF VANCOUVER     4     59
CITY OF VENTURA     24     469
CITY OF WAYNESBORO     30,247     302,474
CITY OF WESTMINISTER         2
CITY OF WHITTIER     14     283
CITY OF WINCHESTER     18,060     180,597
CITY OF WINLOCK     1     9
CITY OF WOODLAND     2     31
CITY OF ZILLAH         2
CLOVERPORT INDEPENDENT SCHOOL DISTRICT     266     8,878
COLORADO DEPT. OF REVENUE     390     23,660
COLORADO DEPT. OF REVENUE     3,144     90,296
COMMISSIONER OF REVENUE SERVICES     296,557     5,648,681
COMMISSIONER OF REVENUE SERVICES     356,216     5,936,925
COMMONWEALTH OF MASSACHUSETTS     6,292     125,821
COMPTROLLER OF MARYLAND     14,717     294,328
COMPTROLLER OF PUBLIC ACCOUNTS     16     333
COUNTY OF LOS ANGELES     284     5,674
COUNTY OF MONTGOMERY     9,143     91,433
DANVILLE INDEPENDENT SCHOOL DISTRICT     4,747     158,236
DAVIESS COUNTY BOARD OF EDUCATION     16,771     559,049
DAVIESS COUNTY SCHOOL DISTRICT     289     9,624
             

36


DES MOINES     1     22
ELLIOT COUNTY SCHOOL DISTRICT     288     9,598
FLORIDA DEPARTMENT OF REVENUE     3,391,903     24,190,205
FLORIDA DEPARTMENT OF REVENUE     156,294     2,489,847
FRANKLIN COUNTY SCHOOL DISTRICT     104     3,475
GARRAD COUNTY SCHOOL DISTRICT     1,425     47,501
GEORGIA DEPARTMENT OF REVENUE     11,668     170,610
HANCOCK COUNTY BOARD OF EDUCATION     464     15,469
HARLAN COUNTY SCHOOL DISTRICT     237     7,901
HARRISON COUNTY SCHOOL DISTRICT     2,594     86,463
HARRODSBURG INDEPENDENT BOARD OF EDUCATION     2,670     89,006
HENDERSON COUNTY BOARD OF EDUCATION     2,314     77,119
ID USF     23    
IDAHO STATE TAX COMMISSION     4,361     72,686
INDIANA DEPARTMENT OF REVENUE     30,708     511,813
INTERNAL REVENUE SERVICE     65,659     2,188,692
JACKSON INDEPENDENT SCHOOLS     492     16,407
JESSAMINE COUNTY BOARD OF EDUCATION     7,962     265,416
KANSAS DEPT. OF REVENUE     18,200     249,430
KENTUCKY REVENUE CABINET     2,177     36,285
LAUREL COUNTY SCHOOL DISTRICT     11,657     388,573
LEE COUNTY SCHOOL DISTRICT     1,143     38,089
LESLIE COUNTY SCHOOL DISTRICT     927     30,913
LETCHER COUNTY BOARD OF EDUCATION     795     26,505
LEWIS COUNTY BOARD OF EDUCATION     957     38,279
LEWIS COUNTY SCHOOL DISTRICT     441     17,636
LINCOLN COUNTY BOARD OF EDUCATION     1,302     43,406
LOGAN COUNTY SCHOOL DISTRICT     29     980
MADISON COUNTY SCHOOL DISTRICT     25,703     856,779
MAINE REVENUE SERVICES     296,110     5,922,193
MARION COUNTY BOARD OF EDUCATION     4,256     141,854
MCLEAN COUNTY SCHOOL DISTRICT     841     28,036
MENIFEE COUNTY SCHOOL DISTRICT     469     15,619
MERCER COUNTY SCHOOL DISTRICT     1,704     56,792
MINNESOTA DEPARTMENT OF REVENUE     1     182
MISSISSIPPI STATE TAX COMMISSION     45,340     647,716
MISSISSIPPI STATE TAX COMMISSION     1,672     23,892
MORGAN COUNTY SCHOOL DISTRICT     1,105     36,829
NC DEPARTMENT OF REVENUE     15,283     210,697
NECA PAUSF     1,367    
NECA VUSF     236     18,598
NELSON COUNTY BOARD OF EDUCATION     1,440     47,992
NICHOLAS COUNTY SCHOOL DISTRICT     910     30,348
NJ DIVISION OF TAXATION     627     10,458
NYS ESTIMATED CORPORATION TAX     129     34,310
NYS ESTIMATED CORPORATION TAX     2,417     96,671
NYS SALES TAX PROCESSING     74,258     899,740
OHIO COUNTY SCHOOL DISTRICT     26     871
OKLAHOMA TAX COMMISSION     881     16,792
OWENSBORO BOARD OF EDUCATION     11,782     392,724
OWSLEY COUNTY BOARD OF EDUCATION     385     12,838
PA DEPARTMENT OF REVENUE     206,843     3,778,033
PA DEPT. OF REVENUE     4,792     95,801
             

37


PARIS INDEPENDENT SCHOOL DISTRICT     2,900     96,674
PERRY COUNTY SCHOOL DISTRICT     275     9,172
POWELL COUNTY SCHOOL DISTRICT     2,149     71,642
PSU     225    
PUC/OREGON UNIVERSAL SERVICE FUND     11     187
RHODE ISLAND DIVISION OF TAXATION     6     87
ROCKCASTLE COUNTY SCHOOL DISTRICT     886     29,532
RUSSELL INDEPENDENT SCHOOL DISTRICT     6,058     201,923
SCOTT COUNTY SCHOOL DISTRICT     7,344     244,806
SOUTH CAROLINA DEPT. OF REVENUE     24,577     1,060,513
STATE OF MICHIGAN     96     1,597
STATE OF NEW HAMPSHIRE     1,748     24,976
STATE OF NEW HAMPSHIRE     79,387     1,134,085
STATE TAX DEPARTMENT     283,392     4,723,215
TN DEPARTMENT OF REVENUE     63,024     647,037
TOWN OF BLACKSBURG     15,375     153,753
TOWN OF MT CRESTED BUTTE     1,481     32,906
TOWN OF SOUTH BOSTON     5,165     51,655
TREASURER STATE OF OHIO     148,603     2,000,568
UNION COUNTY SCHOOL DISTRICT     3,056     101,863
VERMONT DEPARTMENT OF TAXES     340,857     5,680,959
VERMONT DEPARTMENT OF TAXES     1,120     18,674
VIRGINIA DEPARTMENT OF TAXATION     10,554     234,532
WASHINGTON COUNTY BOARD OF EDUCATION     1,427     47,580
WASHINGTON DEPT. OF REVENUE     3,536     47,723
WEBSTER COUNTY BOARD OF EDUCATION     816     27,218
WISCONSIN DEPARTMENT OF REVENUE     4     187
WOLFE COUNTY SCHOOL DISTRICT     591     19,688
WOODFORD COUNTY BOARD OF EDUCATION     4,801     160,026
WYOMING DEPARTMENT OF REVENUE     89     1,574
   
 
  Total   $ 6,887,299   $ 85,883,102
   
 

Note (A): The 911 surcharge is based upon the number of phone lines and not as a function of gross taxable sales.

38


ADELPHIA COMMUNICATIONS CORPORATION, et al.

(DEBTORS-IN-POSSESSION)

BANKRUPTCY COURT REPORTING SCHEDULES

Schedule IV

Court Reporting schedules for Real Estate and Personal Property Taxes Paid
for the Month Ended April 30, 2004

Payee

  Amount
Paid

  Check Date
200 MINUTEMAN LIMITED   $ 7,989   04/14/04
ADAMS COUNTY COLLECTOR     1,149   04/16/04
ALLEGANY TOWNSHIP     522   04/16/04
AQUINNAH TOWN     232   04/29/04
ARAPAHOE COUNTY     7   04/13/04
BEDFORD COUNTY TAX     244   04/13/04
BERKHEIMER OUTSOURCING     14   04/30/04
BERKHEIMER OUTSOURCING     129   04/16/04
BLACKBURN CENTER, LLC     433   04/24/04
BOROUGH OF COUDERSPORT     93   04/16/04
BOROUGH OF COUDERSPORT     93,975   04/12/04
BOROUGH OF KITTANNING     199   04/29/04
BRIGHTON TOWN     87   04/13/04
CAL & JOANNE FAMILY LTD PRTNRSP     200   04/23/04
CANYON SPRINGS INVESTMENT     620   04/23/04
CASTANEA TOWNSHIP COLLECTOR     15   04/13/04
CATHERINE TOWNSHIP TAX COLLECTO     72   04/16/04
CITY OF NEW CASTLE TREASURER     2,275   04/16/04
CITY OF NORTH ADAMS     42   04/13/04
CITY OF NORTH ADAMS     6,720   04/29/04
CITY OF NORTH TONAWANDA     1,305   04/29/04
CITY OF STAUNTON     644   04/13/04
CITY OF UTICA NY     12,211   04/13/04
CITY TREASURER OF DUNKIRK     15,030   04/29/04
CITY TREASURER OF TONAWANDA     2,206   04/13/04
CITY TREASURER OF TONAWANDA     2,967   04/29/04
CLARION COUNTY COLLECTOR     43   04/16/04
CLINTON COUNTY TREASURER     1,685   04/16/04
COLUMBUS COUNTY     631   04/24/04
COUDERSPORT BOROUGH     2,430   04/16/04
COUNTY OF HERMITAGE TREASURER     2,472   04/16/04
COWLITZ COUNTY     7   04/16/04
COWLITZ COUNTY     67,843   04/12/04
DANVILLE CITY TAX DEPARTMENT     3,103   04/13/04
DARLINGTON COUNTY     1,037   04/19/04
DILLON COUNTY TREASURER     56   04/16/04
DORIS LAWTON     144   04/29/04
DORIS LAWTON     783   04/14/04
DOUGLAS COUNTY TREASURER     7   04/13/04
DURYEA BOROUGH     20,417   04/12/04
           

39


EASTLAKE COMMERCIAL     58   04/24/04
EL PASO COUNTY TREASURER     171,685   04/12/04
FORSYTH COUNTY TAX COLLECTOR     5   04/21/04
FREMONT COUNTY TREASURER     7   04/13/04
GALLIA COUNTY TREASURER     56   04/13/04
GE CAPITAL FLEET SERVICES     147   04/07/04
GLOUCESTER CITY     6,991   04/20/04
HAMPSHIRE COUNTY COLLECTOR     200   04/30/04
HARBORCREEK TOWNSHIP     4,658   04/16/04
HOMER TOWNSHIP     4,109   04/16/04
JAMES BRADY     1,162   04/08/04
JEFFERSON COUNTY     9   04/13/04
JEFFERSON COUNTY     7   04/13/04
JOHN F PALMER     2,760   04/16/04
KIR TEMECULA L.P.     105   04/23/04
LACKAWANNA COUNTY     1,222   04/13/04
LARIMER COUNTY TREASURER     8   04/13/04
LARRY SCHREDER     960   04/22/04
LAWRENCE L MATHENEY     3,917   04/01/04
LEIGH REALTY OF FLORIDA, INC.     630   04/15/04
LOCK HAVEN CITY TREASURER     2,003   04/16/04
LOS ANGELES COUNTY     1,117,169   04/09/04
LOUDOUN COUNTY     1,949   04/30/04
MIFFLIN COUNTY     840   04/16/04
MIFFLIN COUNTY TAX COLLECTOR     3,174   04/29/04
MOUNT UNION TAX COLLECTOR     674   04/13/04
NICHOLSON TOWNSHIP     17   04/13/04
NORTH EAST TOWNSHIP     558   04/16/04
ORLEANS TAX COLLECTOR     118   04/30/04
PLYMOUTH TOWN     5,594   04/08/04
PLYMOUTH TOWN     5,594   04/29/04
PLYMOUTH TOWN     8,935   04/20/04
PLYMOUTH TOWNSHIP PA     47   04/29/04
RICHLAND TOWNSHIP TAX COLLECTOR     3   04/16/04
RIDGEWAY TOWNSHIP C     38   04/16/04
RIVERSIDE COUNTY TREASURER     677   04/13/04
RIVERSIDE COUNTY TREASURER     210,918   04/09/04
ROCHESTER TOWNSHIP     227   04/13/04
RUSH TOWNSHIP TAX C     51   04/13/04
RUSSELL CITY TAX COLLECTOR     2,341   04/13/04
SAN BERNARDINO COUNTY TREASURER     508   04/12/04
SAN JUAN COUNTY TREASURER     4,528   04/13/04
SCHUYKILL COUNTY     18   04/16/04
SEBAGO TOWN TAX COLLECTOR     8,038   04/29/04
SHADE TOWNSHIP COLLECTOR     116   04/16/04
SMITHFIELD TOWNSH     123   04/13/04
SOMERSET TOWNSHIP     271   04/16/04
SPRING TOWNSHIP COL     139   04/16/04
STATE OF MARYLAND     300   04/15/04
           

40


STOKES COUNTY     168   04/13/04
SWEDEN TOWNSHIP     433   04/13/04
TOWN OF ACCIDENT TREASURER     366   04/16/04
TOWN OF AMESBURY     31,987   04/29/04
TOWN OF BOURNE     5,719   04/29/04
TOWN OF CARVER     62   04/20/04
TOWN OF CLARKSBURG TAX COLLECT     284   04/20/04
TOWN OF GRAND ISLE     244   04/13/04
TOWN OF KINGSTON     1,145   04/29/04
TOWN OF MARSHFIELD     763   04/29/04
TOWN OF MARSHFIELD     6,944   04/20/04
TOWN OF MERRIMAC     719   04/29/04
TOWN OF OAK BLUFFS     716   04/29/04
TOWN OF PEMBROKE TAX COLLECTOR     5,258   04/29/04
TOWN OF ROCKLAND     5,924   04/29/04
TOWN OF SANDWICH     8,229   04/29/04
TOWN OF TISBURY     2,961   04/20/04
TOWNSHIP OF EULALIA     3,288   04/16/04
TREASURER CITY AND SCHOOL     2,079   04/30/04
TREASURER OF LAWRENCE COUNTY     1,975   04/20/04
TYRONE BOROUGH COLLECTOR     744   04/16/04
VENANGO COUNTY TREASURER     512   04/16/04
WEST TISBURY TOWN     1,545   04/29/04
WHITMAN COUNTY TREASURER     18,694   04/13/04
   
   
  Total   $ 1,924,461    
   
   

41


ADELPHIA COMMUNICATIONS CORPORATION, et al.

(DEBTORS-IN-POSSESSION)

BANKRUPTCY COURT REPORTING SCHEDULES

Schedule V

Court Reporting schedules for Sales and Other Taxes Paid
for the Month Ended April 30, 2004

Taxing Jurisdiction

  Tax Type
  Amount Paid
  Date Paid
OKLAHOMA TAX COMMISSION   Sales Tax   $ 1,831   04/06/04
CALIFORNIA HIGH COST FUND—A   Gross Receipts Tax     51   04/07/04
NECA VUSF   Gross Receipts Tax     253   04/07/04
PUBLIC SERVICE BOARD   Gross Receipts Tax     500   04/07/04
UNIVERSAL LIFETIME TELEPHONE SE   Gross Receipts Tax     342   04/07/04
CALIFORNIA HIGH COST FUND—B   Sales Tax     684   04/07/04
DEAF TRUST   Sales Tax     92   04/07/04
CITY OF BALDWIN PARK   Utility Tax     4,371   04/07/04
CITY OF BEAUMONT   Utility Tax     2,684   04/07/04
CITY OF FONTANA   Utility Tax     425   04/07/04
CITY OF RIALTO   Utility Tax     624   04/07/04
CITY OF SANTA MONICA   Utility Tax     336   04/07/04
ALABAMA DEPARTMENT OF REVENUE   Gross Receipts Tax     267   04/08/04
ARIZONA DEPARTMENT OF REVENUE   Gross Receipts Tax     11   04/08/04
COLORADO DEPARTMENT OF REVENUE   Gross Receipts Tax     136   04/08/04
NECA TX USF   Gross Receipts Tax     7   04/08/04
STATE OF NEW HAMPSHIRE   Gross Receipts Tax     1,785   04/08/04
IDAHO UNIVERSAL SERVICE   Gross Receipts Tax     22   04/08/04
ARIZONA DEPARTMENT OF REVENUE   Sales Tax     24   04/08/04
COLORADO DEPARTMENT OF REVENUE   Sales Tax     424   04/08/04
KENTUCKY STATE TREASURER   Sales Tax       04/08/04
MISSISSIPPI STATE TAX COMMISSIO   Sales Tax     47,324   04/08/04
NEW JERSEY SALES TAX   Sales Tax     685   04/08/04
NORTH CAROLINA DEPT OF REVENUE   Sales Tax     573   04/08/04
STATE OF MICHIGAN   Sales Tax     332   04/08/04
STATE OF RHODE ISLAND   Sales Tax     29   04/08/04
STATE TAX DEPARTMENT   Sales Tax     127,722   04/08/04
CITY OF BRAWLEY   Utility Tax     6,603   04/08/04
CITY OF FONTANA   Utility Tax     41,605   04/08/04
CITY OF HERMOSA BEACH   Utility Tax     19,171   04/08/04
CITY OF HOLTVILLE   Utility Tax     1,737   04/08/04
CITY OF LA HABRA   Utility Tax     26,298   04/08/04
CITY OF MORENO VALLEY   Utility Tax     69,894   04/08/04
CITY OF PICO RIVERA   Utility Tax     10,708   04/08/04
CITY OF PLACENTIA   Utility Tax     15,346   04/08/04
CITY OF PORT HUENEME   Utility Tax     9,298   04/08/04
CITY OF REDONDO BEACH CA   Utility Tax     43,368   04/08/04
CITY OF RIALTO   Utility Tax     46,341   04/08/04
CITY OF SAN BERNARDINO   Utility Tax     75,340   04/08/04
CITY OF SAN BUENAVENTURA   Utility Tax     34,066   04/08/04
CITY OF SANTA MONICA   Utility Tax     183,882   04/08/04
STATE OF NEW HAMPSHIRE   Utility Tax     73,816   04/08/04
TOWN OF MT CRESTED BUTTE   Utility Tax     1,583   04/08/04
INTERNAL REVENUE SERVICE   Federal Excise Tax     40,226   04/09/04
CITY OF KELSO   Gross Receipts Tax     77   04/09/04
               

42


CITY OF PULLMAN   Gross Receipts Tax     16   04/09/04
CITY OF VANCOUVER   Gross Receipts Tax     11   04/09/04
GEORGIA DEPARTMENT OF REVENUE   Gross Receipts Tax     58   04/09/04
ILLINOIS DEPARTMENT OF REVENUE   Gross Receipts Tax     3   04/09/04
NECA MTEAF   Gross Receipts Tax     38   04/09/04
COMMONWEALTH OF MASS   Sales Tax     4,173   04/09/04
GEORGIA DEPARTMENT OF REVENUE   Sales Tax     99   04/09/04
IDAHO STATE TAX COMMISSION   Sales Tax     504   04/12/04
INDIANA DEPT OF REVENUE   Sales Tax     2,158   04/12/04
TENNESSEE DEPT OF REVENUE   Gross Receipts Tax     97   04/13/04
BUREAU OF TAXATION   Sales Tax     384   04/13/04
IDAHO STATE TAX COMMISSION   Sales Tax     2,964   04/13/04
NORTH CAROLINA DEPT OF REVENUE   Sales Tax     20,107   04/13/04
TENNESSEE DEPT OF REVENUE   Sales Tax     1,090   04/13/04
BOYD COUNTY SCHOOL D   Gross Receipts Tax     15   04/14/04
DAVIESS CO BOARD OF EDUCATION   Gross Receipts Tax     19   04/14/04
MADISON COUNTY SCHOOL DISTRICT   Gross Receipts Tax     40   04/14/04
PUBLIC SERVICE COMMISSION   Gross Receipts Tax     225   04/14/04
UNIVERSAL SERVICE ADMINSTRATIVE   Gross Receipts Tax     34,304   04/14/04
WASHINGTON DEPT OF REVENUE   Gross Receipts Tax     43   04/14/04
NYS SALES TAX PROCESSING   Sales Tax     9,651   04/14/04
PA DEPARTMENT OF REV   Sales Tax     37   04/14/04
PA DEPT. OF REVENUE   Sales Tax     14,827   04/14/04
TREASURER STATE OF OHIO   Sales Tax     20,798   04/14/04
WASHINGTON DEPT OF REVENUE   Sales Tax     275   04/14/04
ASHLAND INDEPENDENT BOARD OF   Utility Tax     10,560   04/14/04
BATH COUNTY SCHOOL D   Utility Tax     1,316   04/14/04
BEREA INDEPENDENT SCHOOL DIST   Utility Tax     1,621   04/14/04
BOURBON COUNTY SCHOOL   Utility Tax     542   04/14/04
BOYD COUNTY SCHOOL D   Utility Tax     2,818   04/14/04
BOYLE COUNTY SCHOOL DISTRICT   Utility Tax     1,539   04/14/04
BREATHITT COUNTY SCH   Utility Tax     1,113   04/14/04
BRECKINRIDGE COUNTY BOARD OF   Utility Tax     773   04/14/04
BURGIN EDUCATION BO   Utility Tax     330   04/14/04
BUTLER COUNTY SCHOOL DISTRICT   Utility Tax     91   04/14/04
CARTER COUNTY SCHOOL   Utility Tax     1,679   04/14/04
CITY OF HARRISONBURG TREASURER   Utility Tax     302   04/14/04
CITY OF RICHMOND   Utility Tax     5,929   04/14/04
CITY OF WINCHESTER   Utility Tax     893   04/14/04
CLOVERPORT BOARD OF EDUCATION   Utility Tax     272   04/14/04
DANVILLE INDEPENDENT SCHOOL DIS   Utility Tax     4,771   04/14/04
DAVIESS CO BOARD OF EDUCATION   Utility Tax     508   04/14/04
ELLIOTT COUNTY SCHOO   Utility Tax     462   04/14/04
FRANKLIN COUNTY SCHOOL DISTRICT   Utility Tax     102   04/14/04
GARRARD COUNTY SCHOOL DISTRICT   Utility Tax     517   04/14/04
HANCOCK COUNTY BOARD OF   Utility Tax     877   04/14/04
HARLAN COUNTY SCHOOL   Utility Tax     262   04/14/04
HARRISON COUNTY SCHOOL DISTRICT   Utility Tax     2,677   04/14/04
HARRODSBURG BOARD OF EDUCATION   Utility Tax     2,668   04/14/04
HENDERSON CO BOARD OF EDUCATION   Utility Tax     2,500   04/14/04
JACKSON INDEPENDENT SCHOOLS   Utility Tax     572   04/14/04
LEE COUNTY SCHOOL DI   Utility Tax     1,112   04/14/04
LESLIE COUNTY SCHOOL   Utility Tax     1,000   04/14/04
LETCHER COUNTY BOARD OF EDUCATI   Utility Tax     778   04/14/04
               

43


LEWIS COUNTY BOARD OF   Utility Tax     958   04/14/04
LEWIS COUNTY SCHOOL   Utility Tax     275   04/14/04
LINCOLN COUNTY BOARD OF EDUCATI   Utility Tax     1,319   04/14/04
LOGAN COUNTY SCHOOL DISTRICT   Utility Tax     32   04/14/04
MARION COUNTY SCHOOL   Utility Tax     1,224   04/14/04
MCLEAN COUNTY SCHOOL DISTRICT   Utility Tax     895   04/14/04
MENIFEE COUNTY SCHOO   Utility Tax     678   04/14/04
MERCER COUNTY SCHOOL DISTRICT   Utility Tax     1,722   04/14/04
MORGAN COUNTY SCHOOL   Utility Tax     1,818   04/14/04
NELSON COUNTY BOARD OF EDUCATIO   Utility Tax     1,151   04/14/04
NICHOLAS COUNTY SCHO   Utility Tax     434   04/14/04
OHIO COUNTY SCHOOL DISTRICT   Utility Tax     24   04/14/04
OWSLEY COUNTY BOARD OF EDUCATIO   Utility Tax     420   04/14/04
PARIS INDEPENDENT SCHOOLS   Utility Tax     3,036   04/14/04
PERRY COUNTY SCHOOL   Utility Tax     310   04/14/04
POWELL COUNTY SCHOOL   Utility Tax     2,971   04/14/04
ROCKCASTLE COUNTY SCHOOL   Utility Tax     892   04/14/04
UNION COUNTY SCHOOL DISTRICT   Utility Tax     2,970   04/14/04
WASHINGTON COUNTY BOARD OF EDU   Utility Tax     415   04/14/04
WEBSTER COUNTY BOARD OF   Utility Tax     805   04/14/04
WOLFE COUNTY SCHOOL   Utility Tax     931   04/14/04
WOODFORD COUNTY BOARD OF ED   Utility Tax     4,887   04/14/04
CHESTERFIELD COUNTY   911 Surcharge     166   04/15/04
CITY OF KALAMA   Gross Receipts Tax     16   04/15/04
CITY OF LONGVIEW   Gross Receipts Tax     214   04/15/04
MAINE REVENUE SERVICES   Sales Tax     272,248   04/15/04
ALBEMARLE COUNTY   Utility Tax     616   04/15/04
BEDFORD COUNTY   Utility Tax     10   04/15/04
CHESTERFIELD COUNTY   Utility Tax     12   04/15/04
CITY OF CHARLOTTSVILLE   Utility Tax     2,772   04/15/04
CITY OF RICHMOND   Utility Tax     3,197   04/15/04
HENRICO COUNTY   Utility Tax     2,850   04/15/04
SCOTT COUNTY SCHOOL   Utility Tax     7,381   04/15/04
TREASURER OF HANOVER COUNTY   Utility Tax     99   04/15/04
CITY OF COLORADO SPRINGS   Sales Tax     427   04/16/04
VA DEPARTMENT OF TAXATION   Sales Tax     237   04/16/04
VIRGINIA DEPARTMENT OF TAXATION   Sales Tax     16,252   04/16/04
WASHINGTON DEPT OF REVENUE   Sales Tax     3,235   04/16/04
CITY OF CHARLOTTSVILLE   Utility Tax     54,497   04/16/04
CITY OF WAYNESBORO   Utility Tax     30,186   04/16/04
CITY OF WINCHESTER   Utility Tax     18,073   04/16/04
DAVIESS CO BOARD OF EDUCATION   Utility Tax     18,354   04/16/04
JESSAMINE COUNTY BOARD OF EDUCA   Utility Tax     7,335   04/16/04
LAUREL COUNTY SCHOOL   Utility Tax     17,571   04/16/04
MADISON COUNTY SCHOOL DISTRICT   Utility Tax     12,452   04/16/04
OWENSBORO BOARD OF EDUCATION   Utility Tax     13,042   04/16/04
RUSSELL INDEPENDENT   Utility Tax     6,142   04/16/04
TOWN OF BLACKSBURG   Utility Tax     15,502   04/16/04
TOWN OF SOUTH BOSTON   Utility Tax     4,832   04/16/04
PETERSBURG CITY   Utility Tax     20,882   04/16/04
CITY OF ARCADIA   Gross Receipts Tax     11   04/19/04
CITY OF BEAUMONT   Gross Receipts Tax     8   04/19/04
CITY OF COVINA   Gross Receipts Tax     6   04/19/04
CITY OF CULVER CITY   Gross Receipts Tax     7   04/19/04
               

44


CITY OF DESERT HOT SPRINGS   Gross Receipts Tax     8   04/19/04
CITY OF FONTANA   Gross Receipts Tax     16   04/19/04
CITY OF HAWTHORNE   Gross Receipts Tax     6   04/19/04
CITY OF HERMOSA BEACH   Gross Receipts Tax     24   04/19/04
CITY OF HOLTVILLE   Gross Receipts Tax     5   04/19/04
CITY OF LA HABRA   Gross Receipts Tax     27   04/19/04
CITY OF LA VERNE   Gross Receipts Tax     17   04/19/04
CITY OF LONG BEACH   Gross Receipts Tax     7   04/19/04
CITY OF LOS ANGELES   Gross Receipts Tax     1,072   04/19/04
CITY OF MORENO VALLEY   Gross Receipts Tax     53   04/19/04
CITY OF PASADENA   Gross Receipts Tax     6   04/19/04
CITY OF PLACENTIA   Gross Receipts Tax     6   04/19/04
CITY OF PORT HUENEME   Gross Receipts Tax     6   04/19/04
CITY OF REDONDO BEACH   Gross Receipts Tax     56   04/19/04
CITY OF RIVERSIDE   Gross Receipts Tax     12   04/19/04
CITY OF SAN BERNARDINO   Gross Receipts Tax     18   04/19/04
CITY OF SANTA ANA   Gross Receipts Tax     32   04/19/04
CITY OF SANTA MONICA   Gross Receipts Tax     119   04/19/04
CITY OF SEAL BEACH   Gross Receipts Tax     23   04/19/04
CITY OF SIERRA MADRE   Gross Receipts Tax     6   04/19/04
CITY OF VENTURA   Gross Receipts Tax     21   04/19/04
CITY OF WHITTIER   Gross Receipts Tax     14   04/19/04
TREASURER STATE OF OHIO   Sales Tax     1,225   04/19/04
VERMONT DEPT OF TAXES   Sales Tax     330,395   04/19/04
COUNTY OF MONTGOMERY   Utility Tax     9,263   04/19/04
CITY OF GLENDALE   Gross Receipts Tax     7   04/20/04
FLORIDA DEPT OF REVENUE   Gross Receipts Tax     22,524   04/20/04
MINNESOTA REVENUE   Gross Receipts Tax       04/20/04
PA DEPARTMENT OF REVENUE   Gross Receipts Tax     169   04/20/04
ALABAMA DEPT OF REVENUE   Sales Tax     120   04/20/04
COLORADO DEPARTMENT OF REVENUE   Sales Tax     3,351   04/20/04
COMPTROLLER OF MD   Sales Tax     14,986   04/20/04
FLORIDA DEPT OF REVENUE   Sales Tax     91,852   04/20/04
INDIANA DEPT OF REVENUE   Sales Tax     29,092   04/20/04
KENTUCKY REVENUE CABINET   Sales Tax     2,132   04/20/04
MINNESOTA REVENUE   Sales Tax     5   04/20/04
PA DEPARTMENT OF REVENUE   Sales Tax     181,937   04/20/04
SOUTH CAROLINA DEPARTMENT OF   Sales Tax     67,708   04/20/04
TENNESSEE DEPT OF REVENUE   Sales Tax     52,079   04/20/04
GEORGIA DEPT OF REVENUE   Sales Tax     15,126   04/20/04
FLORIDA DEPT OF REVENUE   Telecommunications Tax     3,385,522   04/20/04
CITY OF KELSO   Utility Tax     19,276   04/20/04
CITY OF LONGVIEW   Utility Tax     65,024   04/20/04
ALBEMARLE COUNTY   911 Surcharge     4,202   04/21/04
AMHERST COUNTY   911 Surcharge     8   04/21/04
CAMPBELL COUNTY   911 Surcharge     134   04/21/04
CATTARAUGUS COUNTY   911 Surcharge     22   04/21/04
CITY OF CHARLOTTESVILLE   911 Surcharge     2,158   04/21/04
CITY OF DANVILLE   911 Surcharge     3,964   04/21/04
CITY OF HARRISONBURG TREASURER   911 Surcharge     12   04/21/04
CITY OF LYNCHBURG   911 Surcharge     582   04/21/04
CITY OF RICHMOND   911 Surcharge     1,780   04/21/04
CITY OF STAUNTON   911 Surcharge     52   04/21/04
CITY OF WINCHESTER   911 Surcharge     1,212   04/21/04
               

45


COUNTY OF GENESEE   911 Surcharge     9   04/21/04
DIRECTOR OF FINANCE   911 Surcharge     26   04/21/04
ERIE COUNTY COMPTROLLER   911 Surcharge     5,915   04/21/04
FAUQUIER COUNTY TREASURER   911 Surcharge     24   04/21/04
FREDRICK COUNTY TREASURER   911 Surcharge     184   04/21/04
GREENE COUNTY   911 Surcharge     14   04/21/04
HENRICO COUNTY   911 Surcharge     1,481   04/21/04
PAGE COUNTY   911 Surcharge     15   04/21/04
PITTSYLVANIA COUNTY   911 Surcharge     81   04/21/04
POWHATAN COUNTY TREASURER   911 Surcharge     36   04/21/04
SPOTSYLVANIA COUNTY   911 Surcharge     48   04/21/04
TREASURER OF HANOVER COUNTY   911 Surcharge     405   04/21/04
WARREN COUNTY TREASURER   911 Surcharge     12   04/21/04
WYOMING COUNTY NY   911 Surcharge     13   04/21/04
KANSAS DEPT OF REVENUE   Gross Receipts Tax     12   04/21/04
PUBLIC UTILITY COMMISSION OF   Gross Receipts Tax     11   04/21/04
KANSAS DEPT OF REVENUE   Sales Tax     42   04/21/04
MASS DEPT OF REVENUE   Sales Tax     1,429   04/21/04
WEST VIRGINIA DEPT OF TAX   Sales Tax     159,425   04/21/04
BOARD OF EQUALIZATION   Sales Tax     85   04/22/04
COMPTROLLER, CITY OF BUFFALO   Utility Tax     11,595   04/22/04
INTERNAL REVENUE SERVICE   Federal Excise Tax     38,185   04/23/04
BOARD OF EQUALIZATION   Sales Tax     28   04/24/04
STATE OF CONNECTICUT   Sales Tax     194   04/24/04
KANSAS DEPT OF REVENUE   Sales Tax     18,631   04/26/04
DEPT OF REVENUE   Gross Receipts Tax     1   04/27/04
TREASURER STATE OF OHIO   Gross Receipts Tax     1,473   04/27/04
BOARD OF EQUALIZATION   Sales Tax     193   04/27/04
DEPT OF REVENUE   Sales Tax     95   04/27/04
NYS SALES TAX PROCESSING   Sales Tax     61,476   04/27/04
TREASURER OF STATE OF OHIO   Sales Tax     5,662   04/27/04
TREASURER STATE OF OHIO   Sales Tax     118,924   04/27/04
BOARD OF EQUALIZATION   911 Surcharge     232   04/28/04
MONTANA DEPT OF REVENUE   Gross Receipts Tax     19   04/30/04
BOARD OF EQUALIZATION   Sales Tax     202   04/30/04
CONNECTICUT DEPT OF REVENUE   Sales Tax     358,093   04/30/04
       
   
  Total       $ 6,699,955    
       
   

46


ADELPHIA COMMUNICATIONS CORPORATION, et al.

(DEBTORS-IN-POSSESSION)

BANKRUPTCY COURT REPORTING SCHEDULES

Schedule VI

Court Reporting schedules for Cash Disbursements
for the Month Ended April 30, 2004

LEGAL ENTITY

  Account
Number

  Case
Number

  Disbursements
ACC CABLE COMMUNICATIONS FL-VA, LLC   081-02-41904   02-41904   $ 2,913,312
ACC CABLE HOLDINGS VA, INC.   081-02-41905   02-41905    
ACC HOLDINGS II, LLC   081-02-41955   02-41955    
ACC INVESTMENT HOLDINGS, INC.   081-02-41957   02-41957     250
ACC OPERATIONS, INC.   081-02-41956   02-41956     165,836
ACC TELECOMMUNICATIONS HOLDINGS LLC   081-02-41864   02-41864    
ACC TELECOMMUNICATIONS LLC   081-02-41863   02-41863     124,800
ACC TELECOMMUNICATIONS OF VIRGINIA LLC   081-02-41862   02-41862     984
ACC-AMN HOLDINGS, LLC   081-02-41861   02-41861    
ADELPHIA ACQUISITION SUBSIDIARY, INC.   081-02-41860   02-41860    
ADELPHIA ARIZONA, INC.   081-02-41859   02-41859    
ADELPHIA BLAIRSVILLE, LLC   081-02-41735   02-41735    
ADELPHIA CABLE PARTNERS, LP   081-02-41902   02-41902     5,147,890
ADELPHIA CABLEVISION ASSOCIATES, LP   081-02-41913   02-41913     474,396
ADELPHIA CABLEVISION CORP.   081-02-41752   02-41752     955,213
ADELPHIA CABLEVISION OF BOCA RATON, LLC   081-02-41751   02-41751     2,188,002
ADELPHIA CABLEVISION OF FONTANA, LLC   081-02-41755   02-41755    
ADELPHIA CABLEVISION OF INLAND EMPIRE, LLC   081-02-41754   02-41754     5,508,817
ADELPHIA CABLEVISION OF NEW YORK, INC.   081-02-41892   02-41892     3,932,978
ADELPHIA CABLEVISION OF NEWPORT BEACH, LLC   081-02-41947   02-41947     493,168
ADELPHIA CABLEVISION OF ORANGE COUNTY II, LLC   081-02-41781   02-41781     537,628
ADELPHIA CABLEVISION OF ORANGE COUNTY, LLC   081-02-41946   02-41946     558,993
ADELPHIA CABLEVISION OF SAN BERNANDINO, LLC   081-02-41753   02-41753    
ADELPHIA CABLEVISION OF SANTA ANA, LLC   081-02-41831   02-41831     2,204,100
ADELPHIA CABLEVISION OF SEAL BEACH, LLC   081-02-41757   02-41757     173,545
ADELPHIA CABLEVISION OF SIMI VALLEY, LLC   081-02-41830   02-41830     1,877,031
ADELPHIA CABLEVISION OF THE KENNEBUNKS, LLC   081-02-41943   02-41943     327,290
ADELPHIA CABLEVISION OF WEST PALM BEACH III, LLC   081-02-41783   02-41783     499,109
ADELPHIA CABLEVISION OF WEST PALM BEACH IV, LLC   081-02-41766   02-41766     1,911,951
ADELPHIA CABLEVISION OF WEST PALM BEACH V, LLC   081-02-41764   02-41764     275,905
ADELPHIA CABLEVISION, LLC   081-02-41858   02-41858     125,699,080
ADELPHIA CALIFORNIA CABLEVISION, LLC   081-02-41942   02-41942     3,480,877
ADELPHIA CENTRAL PENNSYLVANIA, LLC   081-02-41950   02-41950     5,000,567
               

47


ADELPHIA CLEVELAND, LLC   081-02-41793   02-41793     13,223,034
ADELPHIA COMMUNICATIONS CORPORATION   081-02-41729   02-41729     6,573
ADELPHIA COMMUNICATIONS INTERNATIONAL, INC.   081-02-41857   02-41857     250
ADELPHIA COMMUNICATIONS OF CALIFORNIA II, LLC   081-02-41748   02-41748     5,848,019
ADELPHIA COMMUNICATIONS OF CALIFORNIA III, LLC   081-02-41817   02-41817     1,463,605
ADELPHIA COMMUNICATIONS OF CALIFORNIA, LLC   081-02-41749   02-41749     196,133
ADELPHIA COMPANY OF WESTERN CONNECTICUT   081-02-41801   02-41801     3,886,658
ADELPHIA GENERAL HOLDINGS III, LLC   081-02-41854   02-41854    
ADELPHIA GP HOLDINGS, LLC   081-02-41829   02-41829    
ADELPHIA GS CABLE, LLC   081-02-41908   02-41908     2,435,208
ADELPHIA HARBOR CENTER HOLDINGS LLC   081-02-41853   02-41853     250
ADELPHIA HOLDINGS 2001, LLC   081-02-41926   02-41926    
ADELPHIA INTERNATIONAL II, LLC   081-02-41856   02-41856     250
ADELPHIA INTERNATIONAL III, LLC   081-02-41855   02-41855     250
ADELPHIA MOBILE PHONES, INC.   081-02-41852   02-41852     250
ADELPHIA OF THE MIDWEST, INC.   081-02-41794   02-41794     250
ADELPHIA PINELLAS COUNTY, LLC   081-02-41944   02-41944    
ADELPHIA PRESTIGE CABLEVISION, LLC   081-02-41795   02-41795     5,832,475
ADELPHIA TELECOMMUNICATIONS OF FLORIDA, INC.   081-02-41939   02-41939     29,329
ADELPHIA TELECOMMUNICATIONS, INC.   081-02-41851   02-41851     1,005,586
ADELPHIA WELLSVILLE, LLC   081-02-41850   02-41850     317,528
ADELPHIA WESTERN NEW YORK HOLDINGS, LLC   081-02-41849   02-41849     500
ARAHOVA COMMUNICATIONS, INC.   081-02-41815   02-41815     895
ARAHOVA HOLDINGS, LLC   081-02-41893   02-41893     250
BADGER HOLDING CORP   081-02-41792   02-41792     250
BETTER TV INC. OF BENNINGTON   081-02-41914   02-41914     337,915
BLACKSBURG/SALEM CABLEVISION, INC.   081-02-41759   02-41759     1,260,559
BRAZAS COMMUNICATIONS, INC.   081-02-41804   02-41804     250
BUENAVISION TELECOMMUNICATIONS, INC.   081-02-41938   02-41938     659,404
CABLE SENTRY CORPORATION   081-02-41894   02-41894    
CALIFORNIA AD SALES, LLC   081-02-41945   02-41945    
CCC-III, INC.   081-02-41867   02-41867    
CCC-INDIANA, INC.   081-02-41937   02-41937    
CCH INDIANA, LP   081-02-41935   02-41935    
CDA CABLE, INC.   081-02-41879   02-41879     176,070
CENTURY ADVERTISING, INC.   081-02-41731   02-41731     250
CENTURY ALABAMA CORP   081-02-41889   02-41889     129,784
CENTURY ALABAMA HOLDING CORP   081-02-41891   02-41891    
CENTURY AUSTRALIA COMMUNICATIONS CORP   081-02-41738   02-41738     250
CENTURY BERKSHIRE CABLE CORP   081-02-41762   02-41762     533,239
CENTURY CABLE HOLDING CORP   081-02-41814   02-41814     1,977
CENTURY CABLE HOLDINGS, LLC   081-02-41812   02-41812     14,331,875
CENTURY CABLE MANAGEMENT CORPORATION   081-02-41887   02-41887     262,165
CENTURY CABLE OF SOUTHERN CALIFORNIA   081-02-41745   02-41745    
               

48


CENTURY CABLEVISION HOLDINGS, LLC   081-02-41936   02-41936     2,334,289
CENTURY CAROLINA CORP   081-02-41886   02-41886     855,893
CENTURY COLORADO SPRINGS CORP   081-02-41736   02-41736     146,345
CENTURY COLORADO SPRINGS PARTNERSHIP   081-02-41774   02-41774     5,578,263
CENTURY COMMUNICATIONS CORPORATION   081-02-12834   02-12834     1,708,197
CENTURY CULLMAN CORP   081-02-41888   02-41888     344,309
CENTURY ENTERPRISE CABLE CORP   081-02-41890   02-41890     313,569
CENTURY EXCHANGE, LLC   081-02-41744   02-41744     250
CENTURY FEDERAL, INC.   081-02-41747   02-41747    
CENTURY GRANITE CABLE TELEVISION CORP.   081-02-41779   02-41779    
CENTURY HUNTINGTON COMPANY   081-02-41885   02-41885     2,089,939
CENTURY INDIANA CORP   081-02-41768   02-41768     250
CENTURY INVESTMENT HOLDING CORP   081-02-41740   02-41740     250
CENTURY INVESTORS, INC.   081-02-41733   02-41733     250
CENTURY ISLAND ASSOCIATES, INC.   081-02-41771   02-41771     32,720
CENTURY ISLAND CABLE TELEVISION CORP   081-02-41772   02-41772     250
CENTURY KANSAS CABLE TELEVISION CORP   081-02-41884   02-41884     162,057
CENTURY LYKENS CABLE CORP   081-02-41883   02-41883     189,155
CENTURY MENDOCINO CABLE TELEVISION, INC.   081-02-41780   02-41780     437,285
CENTURY MISSISSIPPI CORP   081-02-41882   02-41882     476,280
CENTURY MOUNTAIN CORP   081-02-41797   02-41797     150,864
CENTURY NEW MEXICO CABLE TELEVISION CORP.   081-02-41784   02-41784     757
CENTURY NORWICH CORP   081-02-41881   02-41881     1,181,278
CENTURY OHIO CABLE TELEVISION CORP   081-02-41811   02-41811     646,805
CENTURY OREGON CABLE CORP   081-02-41739   02-41739     324
CENTURY PACIFIC CABLE TV INC   081-02-41746   02-41746    
CENTURY PROGRAMMING, INC.   081-02-41732   02-41732     250
CENTURY REALTY CORP.   081-02-41813   02-41813    
CENTURY SHASTA CABLE TELEVISION CORP   081-02-41880   02-41880     250
CENTURY SOUTHWEST COLORADO CABLE TELEVISION CORP   081-02-41770   02-41770     250
CENTURY TRINIDAD CABLE TELEVISION CORP.   081-02-41790   02-41790     113,584
CENTURY VIRGINIA CORP   081-02-41796   02-41796     492,799
CENTURY VOICE AND DATA COMMUNICATIONS, INC.   081-02-41737   02-41737     250
CENTURY WARRICK CABLE CORP.   081-02-41763   02-41763     250
CENTURY WASHINGTON CABLE TELEVISION, INC.   081-02-41878   02-41878     250
CENTURY WYOMING CABLE TELEVISION CORP.   081-02-41789   02-41789     120,205
CENTURY-TCI CALIFORNIA COMMUNICATIONS, LP   081-02-41743   02-41743     511,986
CENTURY-TCI CALIFORNIA, LP   081-02-41741   02-41741     46,237,558
CENTURY-TCI HOLDINGS, LLC   081-02-41742   02-41742     250
CHELSEA COMMUNICATIONS, INC.   081-02-41923   02-41923     1,319
CHELSEA COMMUNICATIONS, LLC   081-02-41924   02-41924     8,732,168
CHESTNUT STREET SERVICES, LLC   081-02-41842   02-41842    
CLEAR CABLEVISION, INC.   081-02-41756   02-41756    
CMA CABLEVISION ASSOCIATES VII, LP   081-02-41808   02-41808     483,822
CMA CABLEVISION ASSOCIATES XI, LP   081-02-41807   02-41807     118,842
CORAL SECURITY, INC   081-02-41895   02-41895    
COWLITZ CABLEVISION, INC.   081-02-41877   02-41877     809,620
               

49


CP-MDU I LLC   081-02-41940   02-41940    
CP-MDU II LLC   081-02-41941   02-41941    
E & E CABLE SERVICE, INC.   081-02-41785   02-41785     250
EASTERN VIRGINIA CABLEVISION HOLDINGS, LLC   081-02-41799   02-41799     250
EASTERN VIRGINIA CABLEVISION, LP   081-02-41800   02-41800     471,794
EMPIRE SPORTS NETWORK, LP   081-02-41844   02-41844     365,434
FAE CABLE MANAGEMENT CORP   081-02-41734   02-41734     250
FOP INDIANA, LP   081-02-41816   02-41816     361,756
FRONTIERVISION ACCESS PARTNERS, LLC   081-02-41819   02-41819     2,117,722
FRONTIERVISION CABLE NEW ENGLAND, INC.   081-02-41822   02-41822     938,648
FRONTIERVISION CAPITAL CORPORATION   081-02-41820   02-41820     250
FRONTIERVISION HOLDINGS CAPITAL CORPORATION   081-02-41824   02-41824     250
FRONTIERVISION HOLDINGS CAPITAL II CORPORATION   081-02-41823   02-41823     250
FRONTIERVISION HOLDINGS, LLC   081-02-41827   02-41827     250
FRONTIERVISION HOLDINGS, LP   081-02-41826   02-41826     250
FRONTIERVISION OPERATING PARTNERS, LLC   081-02-41825   02-41825     250
FRONTIERVISION OPERATING PARTNERS, LP   081-02-41821   02-41821     27,122,626
FRONTIERVISION PARTNERS, LP   081-02-41828   02-41828     250
FT MYERS CABLEVISION, LLC   081-02-41948   02-41948     7
FT. MYERS ACQUISITION LIMITED PARTNERSHIP   081-02-41949   02-41949     250
GENESIS CABLE COMMUNICATIONS SUBSIDIARY, LLC   081-02-41903   02-41903    
GLOBAL ACQUISITION PARTNERS, LP   081-02-41933   02-41933     1,530,307
GLOBAL CABLEVISION II, LLC   081-02-41934   02-41934     250
GRAFTON CABLE COMPANY   081-02-41788   02-41788     250
GS CABLE, LLC   081-02-41907   02-41907     3,006,050
GS TELECOMMUNICATIONS LLC   081-02-41906   02-41906    
HARRON CABLEVISION OF NEW HAMPSHIRE, INC.   081-02-41750   02-41750     2,084,044
HUNTINGTON CATV, INC.   081-02-41765   02-41765    
IMPERIAL VALLEY CABLEVISION, INC.   081-02-41876   02-41876     737,931
KALAMAZOO COUNTY CABLEVISION, INC.   081-02-41922   02-41922     335
KEY BISCAYNE CABLEVISION   081-02-41898   02-41898     113,282
KOOTENAI CABLE, INC.   081-02-41875   02-41875     874,243
LAKE CHAMPLAIN CABLE TELEVISION CORPORATION   081-02-41911   02-41911     223,190
LEADERSHIP ACQUISITION LIMITED PARTNERSHIP   081-02-41931   02-41931    
LOUISA CABLEVISION, INC.   081-02-41760   02-41760     23,943
MANCHESTER CABLEVISION, INC.   081-02-41758   02-41758     2
MARTHA'S VINEYARD CABLEVISION, LP   081-02-41805   02-41805     269,904
MERCURY COMMUNICATIONS, INC.   081-02-41840   02-41840     58,460
MICKELSON MEDIA OF FLORIDA, INC.   081-02-41874   02-41874     257,059
MICKELSON MEDIA, INC.   081-02-41782   02-41782     125,835
MONTGOMERY CABLEVISION, INC.   081-02-41848   02-41848     250
MONUMENT COLORADO CABLEVISION, INC.   081-02-41932   02-41932     150,240
MOUNTAIN CABLE COMMUNICATIONS CORPORATION   081-02-41916   02-41916     454
MOUNTAIN CABLE COMPANY, LP   081-02-41909   02-41909     5,356,837
               

50


MT. LEBANON CABLEVISION, INC   081-02-41920   02-41920    
MULTI-CHANNEL TV CABLE COMPANY   081-02-41921   02-41921     553,466
NATIONAL CABLE ACQUISITION ASSOCIATES, LP   081-02-41952   02-41952     2,878,586
OLYMPUS CABLE HOLDINGS, LLC   081-02-41925   02-41925     5,961,920
OLYMPUS CAPITAL CORPORATION   081-02-41930   02-41930     250
OLYMPUS COMMUNICATIONS HOLDINGS, LLC   081-02-41953   02-41953    
OLYMPUS COMMUNICATIONS, LP   081-02-41954   02-41954     1,799
OLYMPUS SUBSIDIARY, LLC   081-02-41928   02-41928    
OWENSBORO INDIANA, LP   081-02-41773   02-41773    
OWENSBORO ON THE AIR, INC.   081-02-41777   02-41777     500
OWENSBORO-BRUNSWICK, INC.   081-02-41730   02-41730     3,775,427
PAGE TIME, INC.   081-02-41839   02-41839     989
PARAGON CABLE TELEVISION, INC.   081-02-41778   02-41778     844
PARAGON CABLEVISION CONSTRUCTION CORPORATION   081-02-41775   02-41775    
PARAGON CABLEVISION MANAGEMENT CORPORATION   081-02-41776   02-41776    
PARNASSOS COMMUNICATIONS, LP   081-02-41846   02-41846     223,154
PARNASSOS HOLDINGS, LLC   081-02-41845   02-41845    
PARNASSOS, LP   081-02-41843   02-41843     17,976,659
PERICLES COMMUNICATIONS CORPORATION   081-02-41919   02-41919     454
PULLMAN TV CABLE CO., INC.   081-02-41873   02-41873     364,711
RENTAVISION OF BRUNSWICK, INC.   081-02-41872   02-41872     209,473
RICHMOND CABLE TELEVISION CORPORATION   081-02-41912   02-41912     68,296
RIGPAL COMMUNICATIONS, INC.   081-02-41917   02-41917    
ROBINSON/PLUM CABLEVISION, LP   081-02-41927   02-41927     475,238
S/T CABLE CORPORATION   081-02-41791   02-41791     250
SABRES, INC.   081-02-41838   02-41838     250
SCRANTON CABLEVISION, INC.   081-02-41761   02-41761     2,014,374
SENTINEL COMMUNICATIONS OF MUNCIE, INDIANA, INC.   081-02-41767   02-41767    
SOUTHEAST FLORIDA CABLE, INC.   081-02-41900   02-41900     19,251,287
SOUTHWEST COLORADO CABLE INC.   081-02-41769   02-41769     162,220
SOUTHWEST VIRGINIA CABLE, INC.   081-02-41833   02-41833     893,457
STAR CABLE INC.   081-02-41787   02-41787     250
STARPOINT, LIMITED PARTNERSHIP   081-02-41897   02-41897     1,695,068
SVHH CABLE ACQUISITION, LP   081-02-41836   02-41836     1,015,187
SVHH HOLDINGS, LLC   081-02-41837   02-41837    
TELE-MEDIA COMPANY OF HOPEWELL-PRINCE GEORGE   081-02-41798   02-41798     528,453
TELE-MEDIA COMPANY OF TRI-STATES, LP   081-02-41809   02-41809    
TELE-MEDIA INVESTMENT PARTNERSHIP, LP   081-02-41951   02-41951     1,927,574
TELESAT ACQUISITION LIMITED PARTNERSHIP   081-02-41929   02-41929    
TELESAT ACQUISITION, LLC   081-02-41871   02-41871     2,104,024
THE GOLF CLUB AT WENDING CREEK FARMS, LLC   081-02-41841   02-41841     250
THE MAIN INTERNETWORKS, INC.   081-02-41818   02-41818    
THE WESTOVER TV CABLE CO., INC.   081-02-41786   02-41786     250
THREE RIVERS CABLE ASSOCIATES, LP   081-02-41910   02-41910     1,205,499
TIMOTHEOS COMMUNICATIONS, LP   081-02-41901   02-41901     250
               

51


TMC HOLDINGS CORPORATION   081-02-41803   02-41803     500
TMC HOLDINGS, LLC   081-02-41802   02-41802    
TRI-STATES, LLC   081-02-41810   02-41810     250
UCA LLC   081-02-41834   02-41834     12,134,532
UPPER ST. CLAIR CABLEVISION INC   081-02-41918   02-41918    
US TELE-MEDIA INVESTMENT COMPANY   081-02-41835   02-41835     250
VALLEY VIDEO, INC.   081-02-41870   02-41870     131,438
VAN BUREN COUNTY CABLEVISION, INC.   081-02-41832   02-41832     253,530
WARRICK CABLEVISION, INC   081-02-41866   02-41866    
WARRICK INDIANA, LP   081-02-41865   02-41865     190,842
WELLSVILLE CABLEVISION, LLC   081-02-41806   02-41806     291,012
WEST BOCA ACQUISITION LIMITED PARTNERSHIP   081-02-41899   02-41899     1,325,223
WESTERN NY CABLEVSION, LP   081-02-41847   02-41847    
WESTVIEW SECURITY, INC   081-02-41896   02-41896    
WILDERNESS CABLE COMPANY   081-02-41869   02-41869     216,654
YOUNG'S CABLE TV CORP   081-02-41915   02-41915     337,658
YUMA CABLEVISION, INC.   081-02-41868   02-41868     1,018,099
           
  Total           $ 416,050,235
           

52


ADELPHIA COMMUNICATIONS CORPORATION, et al.

(DEBTORS-IN-POSSESSION)

BANKRUPTCY COURT REPORTING SCHEDULES

Schedule VII

Court Reporting schedules for Insurance Coverage

Coverage**

  Company
  Policy No.
  Term
Commercial Property   Royal Indemnity Company   R2HD329266   05/16/03 - 05/16/04
Commercial General Liability   AIG (American Home Assurance Co)   4806103, 4806117, 4806148   12/15/03 - 12/15/04
Commercial Automobile Liability   AIG (American Home Assurance Co)   MA—5188717 VA—5188718 TX—5188719 All other states—5188716   12/15/03 - 12/15/04
Worker's Compensation   AIG (New Hampshire Ins. Co., AI South Insurance Co., and National Union Fire Insurance Co. of VT)   All states except monopolistic & CA; policy numbers 2981752, 2981753, 2981754 and 2981755   12/15/03 - 12/15/04
  California   State Compensation Insurance Fund   1703671-03   05/16/03-05/16/04
  Ohio   Ohio Bureau of Workers Compensation   1328524   Ongoing*
  Washington State   WA Department of Labor & Industry   083 004 452   10/1/99 - Ongoing*
  West Virginia   West Virginia Workers' Compensation   20104948 101   10/1/99 - Ongoing*
  Wyoming   Wyoming Department of Employment   366575   10/1/99 - Ongoing*
International Package Policy (Liability & Foreign Voluntary Comp)   ACE USA (ACE American Insurance Co.)   PHF073190   10/15/03 - 10/15/04
Aircraft Policy   AIG (National Union Fire Insurance Co.)   GM3380176-01   11/01/03 - 11/01/04
Umbrella Liability   Zurich (American Guarantee & Liability Insurance Co.)   AUC937411600   05/16/03 - 05/16/04
Excess Umbrella Liability   XL Insurance America   US00006683L103A   05/16/03 - 05/16/04
Executive Protection (Special Crime)   Liberty Insurance Underwriters   180933013   12/19/03 - 12/19/04
New York Disability   Cigna   NYD 074487   07/01/03 - 07/01/04
Pollution Liability   Quanta Reinsurance U.S. Ltd.   On-site coverage (2000110)
Off-site coverage(2000111)
  01/01/04 - 01/01/05
Fiduciary Liability Insurance   Houston Casualty Co.   14MG03A2983   12/08/03 - 12/08/04
Directors & Officers Liability   AIG (National Union Insurance Co.)   7290984   12/31/03 - 12/31/04
Directors & Officers Liability Tail   Associated Electric & Gas Insurance Services Limited (AEGIS)   D0999A1A00   12/31/03 - 12/31/05 (Extension of Limit of Liability of 12/31/00-03 term)
             

53


Excess Directors & Officers Liability   U.S. Specialty Insurance Co.
Hartford (Twin City Fire Ins. Co.)
Hudson Insurance Co.
Axis Reinsurance Co.
Old Republic Insurance Co.
  14MGU03A3639
00DA02209103
HN03031687
RBN502748
CUG27319
  12/31/03 - 12/31/04
ERISA Bond   Hanover Insurance Co.   BDR1680832   05-16/03 - 05/16/04
Media Professional Liability   ACE (Illinois Union Insurance Company)   EON G21640104 002   01/22/04 - 01/22/05

*
Ongoing means until the policy is cancelled by Adelphia or carrier

**
The named insured is Adelphia Communications Corporation et al for all of the coverage except for Employee Dishonesty—ERISA whose named insured is Adelphia Communications Corporation Health Benefit Plan and Adelphia Communications Corporation Savings and Retirement Plan.

54




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